Word: swap
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Dates: during 1950-1959
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...time." Seeking a psychological edge over other presidential hopefuls, Chandler began bargaining with Alabama to yield its No. 1 spot on the national Democratic roll call so that his name will be the first placed in nomination. If all else fails, he hinted, he might be willing to swap Kentucky's 30 votes for the vice-presidential spot on a ticket with New York's Averell Harriman...
RAILROAD MERGER between Louisville & Nashville and Nashville, Chattanooga & St. Louis Railway has been recommended by ICC examiner. Under deal calling for stock swap, L. & N. (which already owns 75% of smaller road) will take over N.C. & St. L., combine operations along 5,777 miles of track through 13 Southern and Midwestern states. Though labor unions and Nashville civic groups oppose merger, two roads say it will save $3,000,000 annually in operating costs...
...under Franklin D. Roosevelt, Noble swung the biggest deal in radio history when he bought the old Blue Network (later renamed the American Broadcasting Co.) for $8,000,000 in 1943. In 1951 he traded his 58% stock interest in the network to Paramount in a $25 million share swap, still serves as ABC-Paramount's finance committee chairman...
...things sky high. One strong hint that the Democrats may be losing the non-South Negro vote, which could be pivotal in at least nine states, came last fortnight when N.A.A.C.P. Executive Secretary Roy Wilkins, referring specifically to Southern congressional leaders, suggested that it is time for Negroes to swap "the known devil [the Democrats] for the suspected witch [the Republicans...
Billion-Dollar Angel. This left only one other possibility: find a big, money-making angel outside the auto industry who wants to get into carmaking. The rescuer could take over S-P in a stock swap, use its losses to offset its own profits while pumping in enough money to keep S-P going. By 1960, auto economists figure on a 10 million car market-big enough to support even a small producer...