Word: senting
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Dates: during 1950-1959
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...Hoffman Machinery Corp., a money-losing pressing-and-dry-cleaning-machine company. After he gained control, Marcus announced grandiose plans to buy up profitable subsidiaries to create a holding company. With plenty of favorable publicity, the company shares rose to $22 a share before the bubble burst and sent the price down...
...report, 50,000 of Artloom's 504,982 outstanding shares, but the Manhattan brokerage firm of Van Alstyne, Noel & Co., of which Marcus is a partner, was reported to have had registered 225,000 shares for its own account and its customers'. The buying had not only sent up the price but had put Marcus and associates in a strong position to squeeze the short sellers, who, knowing the actual value of Artloom from its balance sheet, had sold 35,900 shares of stock short, now had to pay high to cover their sales. (Delighted at the high...
Battle for Funds. Stocky, handsome Tex Thornton, who was born in Knox County, Texas and graduated from Texas Technological College ('37), got a backhanded boost toward success from eccentric, erratic Howard Hughes. Thornton quit Hughes Aircraft in the same big blowup of Hughesmen (TIME, Oct. 5, 1953) that sent Simon Ramo and Dean Wooldridge off to start their own famed Ramo-Wooldridge Corp. With Thornton went Roy L. Ash, Hughes Aircraft's assistant controller and now Litton...
...worst little stinker of a picture England has sent across the Atlantic in a long time...
Poet Pasternak, 68, distinguished Russian translator of Shakespeare, Goethe, Shelley, finished the novel in 1955, after almost a decade's work, and during a period of "thaw"' and official absentmindedness sent it to an Italian Communist publisher (TIME, Dec. 9). Before long the Reds did an ideological double take and demanded the manuscript's return, but the publisher refused. This English translation reveals the novel (which begins in 1903 and ends in 1929, with an epilogue carrying the action beyond World War II) as a biography of Pasternak's own generation, described by Poet Alexander Blok...