Word: swap
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Dates: during 1950-1959
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...scores of investigators for Congress, the RFC and the Department of Justice have hunted for skulduggery in the RFC's relations with its biggest ($86 million) railroad debtor, the Baltimore & Ohio. All of them found plenty of things to criticize, such as the RFC's agreement to swap collateral for less valuable security, its failure to nail down repayment terms, and the way ex-RFC officials grabbed off juicy B. & O. executive jobs. But none of them found anything on which to prosecute. Last week in Washington, a federal grand jury decided it had something. On evidence presented...
...stock-swap deal, National agreed to buy a smaller rival named Cans, Inc. so that it could get Cans, Inc.'s founder and president, Robert Sam Solinsky, 58. When the deal goes through this week (stockholders' approval seems assured), Solinsky will become president of National, replacing C. L. (for Charles Lewis) Thompson, 65, who stays on as chairman. A bustling go-getter, Solinsky should be right at home in his new job. A onetime executive at giant Continental Can, he was assistant vice president of National in 1939, when he quit to form his own company...
...Govind was horrified to discover that he had sewed his fingertip to the cloth and didn't even feel it. Another day he smelled burning flesh, saw his own toes pressed against a flatiron, yet felt no pain. When the doctors cleared up the mystery, Govind had to swap his tradesman's heaven-on-earth for what he was sure would be leper's hell...
Last week Continental's President Maurice E. (for Edwin) Moore announced a plan to bolster his bus line at both ends and in the middle. Through a stock swap deal, he would take over the 14,000-mile American Buslines, which has routes from Salt Lake City to San Francisco, and from Chicago and St. Louis to New York. The 'deal, still to be approved by the I.C.C. and American stockholders, would bring Continental's wholly owned bus system up to 46,974 route miles, close to Greyhound, the world's biggest...
...term exchange with the Sorbonne will bring Professor Eduoard Perroy to the University to teach French history this fall. The other end of the swap will send Harry T. Levin '33, Professor of English, to Paris...