Word: stockly
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Dates: during 1950-1959
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...communications domain that spans four TV stations, interests in the magazines Scientific American and Interior Design, two radio stations, the Great Northern Paper Co. The Trib purchase was no surprise. A year ago, Jock Whitney lent the Reids $1,200,000 with an option to convert the loan to stock. By the conversion, and the purchase of an unspecified number of additional shares, Whitney got control of the Trib and its money-making European edition. The Reids retain a "substantial interest...
HOWARD HUGHES will sell his 10.2% interest in Atlas Corp. (market value: about $7,700,000) by May 31, 1961, until then will deposit stock with neutral trust or bank. CAB forced sale because Hughes owns 78.2% of Trans World Airlines and Atlas controls Northeast Airlines, thus giving him the opportunity to control two airlines...
...leotights and legotards) got their start last fall in Eastern women's colleges, where the girls like to be demure in a worldly sort of way. This summer, after the Manhattan fashion shows, they swept the U.S. Detroit's Winkelman Bros, department store sold out its entire stock of 1,000 leotards the first week they went on sale. Boston's Filene's has stocked them on each of its seven selling floors. On one day alone, a single Manhattan newspaper carried nine ads for the tights. In Dallas, when the tights appeared in a fashion...
...pick up moneymaking acquisitions to balance S.-P.'s $135 million tax carryover. The refinancing comes from 23 banks and insurance companies, which take over S.-P.'s $54.7 million debt in return for $16.5 million in 15-year-notes, and 165,000 shares of convertible preferred stock. But the big news...
Overplayed. In Vineland, Ont., the Garden Centre summer stock theater was destroyed by fire hours after the opening of Cat on a Hot Tin Roof...