Word: shared
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Dates: during 1960-1969
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...showrooms Oct. 1, A.M.C. hopes to do better than just hold its own-though even that is no small feat for a company which last year lost $76 million, held barely 3% of the U.S. auto market. While still short of its 4% market-penetration goal, A.M.C.'s share has risen to 3.14% in a highly competitive year in which both G.M. and Ford have had troubles...
...Million. SEC pressure last week won a much more costly concession from Wall Street. For the first time in its 176-year history, the New York Stock Exchange proposed a reduction in its sacrosanct brokerage commissions. The cuts would apply only to orders involving more than 1,000 shares of stock. Even so, Big Board President Robert W. Haack estimated that the plan would cut U.S. brokers' total commissions about $150 million annually, or 7% of the $2.1 billion they took in last year from exchange trading. As of now, the same rates (varying with the price...
Whatever his ultimate objective, White last week brought the battle to a head by making a tender offer, under the name of Thatcher Banking Partners, for 50,000 shares of First National stock at $120 a share. To put its proposed holding company into operation, the bank needs approval of two-thirds of its stockholders. Coming on top of the stock it already holds, the White family's bid, if successful, would give it a 34% interest, just enough to block implementation of the holding company...
Deep-Seated Love. First National labeled the $120-a-share bid too low, as evidence claimed that White himself had asked at least $140 in offering to sell out his family's holding. Urging shareholders to reject the tender, the bank has declared a dividend increase of 43%, from $2.80 to $4. With his tender offer due to expire August 27, Bill White was insisting meanwhile that his motivation went beyond mere youthful ambition. Said he: "This all comes back to a deepseated, three-generation love of Colorado...
...Harvard group and the Sydney assembly agreed that it is best to have at least two physicians share the responsibility of determining death. And if there is any prospect of a transplant, those physicians must not be members of the transplant team. On the need for this division of authority, Sir Leonard Mallen said: "Doctors must never be in a position where it could be said that a donor was murdered to obtain an organ for a transplant...