Word: stocked
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...Since 1960, when Chairman Joseph Chamberlain Wilson introduced one of history's most profitable single products-the Xerox 914 office copier-the company's sales have increased 18-fold (to last year's $701 million), its profits have grown 37 times (to $97 million), and its stock, long the shiniest of the glamour issues, has increased in value 50 times to the latest close...
...eventually won control. When his turn to take over the family fiefdom came in 1946, Joe Wilson, then 36, found it faltering. Searching for profitable new business, he seized on a little-known copying process called "xerography," and in eight years raised some $87.6 million in loans and stock issues to finance research. Once the process-which is unique in that it permits use of ordinary paper-was perfected, Wilson made a second daring decision. Rather than sell his machines outright, he determined to lease them for a flat rental, charge a small fee per copy. Thus the early Xerox...
...York Stock Exchange last week phased into operation a sophisticated computerized system that it hopes will eventually eliminate much of the physical handling of stock certificates. Once in full swing, the scheme should go a long way toward reducing the glut of paper work now snarling Wall Street...
...will borrow $100 million from a syndicate of U.S., Canadian and European financial institutions with Wall Street's Lehman Bros, and Goldman, Sachs acting as bankers. Another $200 million is on hand as ready cash, including $60 million from a public sale of 600,000 shares of LTV stock last fall. LTV will raise the rest of the necessary money by selling off its interest in two insurance companies, Stonewall...
Whether Ling can succeed in the close-knit steel industry-where other conglomerate kings like Norton Simon have failed-remains to be seen. LTV plans to stick to a well-tried tactic: as in earlier acquisitions, it will go along with the old management. The stock that LTV acquires will be put into a five-man voting trust until 1971, with present J. & L. officers having a controlling three-man vote among the trustees. But there will be plenty of dividends for LTV. Jones & Laughlin recently reported first-quarter earnings of $11,706,000 on sales of $277 million...