Word: stockely
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...Banking Committee Chairman William Proxmire: "The President has shown outstanding judgment. His appointment will be praised by Congress, by participants in domestic financial markets and by the international monetary community." Added the Brookings Institution's Robert Solomon: "The President couldn't have found a better man." The stock market shot up, bond prices improved, and, despite Carter's lack of new programs to support the dollar, it temporarily recovered slightly on overseas markets, mainly on the basis of Volcker's reputation as a conservative defender of the dollar...
...American World Airways took another step last week toward achieving its long cherished dream of acquiring U.S. domestic routes to tie in with its far-flung foreign network. It disclosed that after a stock-buying spree early last week, it now owns 4,398,500 shares, or 51.4%, of National Airlines, thus beating out two rivals for majority interest in the line. Texas International, a small, aggressive carrier that, like Pan Am, has received preliminary approval to merge with National from the Civil Aeronautics Board, holds about 25% of the stock. Eastern Air Lines has also been trying to gain...
...merger bid is approved, it has enough stock to take immediate control of the company without having to negotiate with other shareholders. Despite its majority holdings, Pan Am, which paid $42 a share, or about $186 million, for the stock, does not control National. Under a CAB dictate, all the contenders must hold their National shares in a nonvoting trust. In addition, Pan Am still has several important hurdles to clear. For example, the CAB must still give Pan Am approval after consulting with the Justice Department about whether the merger violates antitrust laws. Finally, the merger decision must...
...store will not change--we will continue to stock the same things," she said...
ROCK AND ROLL is experiencing the mid-life crisis predicted for it long ago, and old rockers are dropping like stock in the McDonnell-Douglas Corporation. Yesterday was Mick Jagger's 36th birthday. As he ponders how to bow gracefully out of the premier position he's held for over a decade, other performers who have had less of a chance to stockpile tax-free bonds and Krugerrands are struggling to find ways to establish their financial security...