Word: stockely
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Dates: during 1970-1979
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...soon be home more often, though. At nearly every stop along Crescent's southwesterly slope, the ICC will conduct hearings on what it calls "Case FD 28697" and the economic impact of the train's demise. Quite possibly the Crescent's elegant rolling stock may be sold to Mexico's railway system, where the old Twentieth Century Limited is alive and well cared for, running nightly between Mexico City and Guadalajara...
...corn farmers who were hurt by last summer's drought. After loaning the treasurer $50,000, he said, the bank received $725,000 in state deposits. Businessman Clay Baker described how he arranged $175,000 in financing for Stars over Alabama, in exchange for 10,000 shares of stock. On another occasion, he said, he obtained from her a $100,000 state deposit for a bank in Tuscumbia...
...tugged into the glare of attention by their success. But they have each been in the public eye before, separately and for quite different reasons. For much of his career, Louis Wolfson was the ultimate outsider-a notorious corporate takeover artist who also went to jail for selling unregistered stock and who was involved in a curious affair that brought about the resignation of a U.S. Supreme Court Justice, Abe Fortas. In 1958, Wolfson bought his way into racing, then devoted his considerable energies and talents to becoming a success at his new sport...
...financier's boldest takeover attempt was his 1954 assault on Montgomery Ward. He spent $500,000 soliciting proxies, and barnstormed the country to line up nearly a third of the mailorder firm's voting stock, but ultimately failed to gain control. So he went after a slightly smaller target: American Motors. Wolfson had bought $4 million of AMC stock before Chairman George Romney talked him out of a takeover and converted him " into a messianic promoter of the Rambler. Wolfson would talk up the little car to barbers, taxi drivers, anyone he encountered, even offering to finance their...
...Stocks, bonds and Government securities. Foreign money, much of it from Britain and Arab countries, is swirling through Wall Street. Corporate securities held by foreigners as portfolio investments have grown from $34.9 billion in 1974 to $57.7 billion last year. In recent weeks foreign buying has become a major force behind the dramatic rise in the U.S. stock market. Overseas investors also hold an estimated $7.6 billion in U.S. Treasury bills and notes, more than four times as much as in 1974. By making the investments, foreigners are helping to finance the nation's excessive deficit spending, thereby eliminating...