Word: stockings
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Dates: during 1960-1969
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...interest charges. They showed that Haynsworth had failed to disqualify himself in two cases where he had financial interest: a 1963 case between a union and a firm that did business with a vending machine company partly owned by Haynsworth, and a 1967 case involving the Brunswick Corp., whose stock Haynsworth bought before releasing a favorable decision. The decision did not affect the stock's price, and the judge's purchase was inadvertent, but it left an appearance of impropriety. Haynsworth also contradicted his own testimony on the vending machine company affair. Haynsworth was opposed by labor...
...challenge had gone out of the job, and he accepted an offer to become executive vice president of the Cincinnati-based Federated Department Stores. Before he had even settled into the new job, M.I.T. tapped him to be the Institute's twelfth president. Putting aside thoughts of stock options, executive bonuses and a six-figure salary, Johnson sold the Cincinnati house he had never lived in and resumed his ac| ademic career...
...only once in the past twelve years-in 1966, when a strike grounded competitors. Otherwise, it lost up to $10 million annually. Last week, however, "The All-Steak Airline" became a pioneer of sorts. After numerous unsuccessful efforts to sell Northeast, Storer Broadcasting Co., which owns 86% of the stock, induced Northwest Airlines to take it. The merger would be the first among U.S. trunk lines since United acquired Capital in 1961, and could set off a new round of airline consolidations...
Fire Sale. For Storer, which acquired its Northeast stock from Hughes Tool Co. in 1965, the deal makes sense. True, Northwest will give only one share of its stock, worth about $35, for five Northeast shares, which traded at a total of almost $70 just before the announcement. Individual shareholders in Northeast will take a drubbing, and they have started to organize and protest; but even at the fire-sale price, Storer will get out with a profit. It has put $35 million into Northeast, and will receive Northwest stock currently worth around $38 million, plus a Northwest promise...
...people. During the 12th century, the Norsemen began returning to Europe; by 1410 they had completely abandoned Greenland. For years historians have debated the cause of the mysterious demise. Were the Vikings driven out by hostile natives? Did excessive inbreeding cause genetic deterioration of the tough Norse stock? Now scientists have suggested a simpler explanation: the mild weather that the Vikings originally encountered in Greenland gradually changed and became too harsh even for their hardy tastes...