Word: swapping
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Dates: during 1960-1969
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...billion-a-year vending machine industry, has brought an unprecedented demand for coins. U.S. mints have tripled their output since 1962, but they cannot meet demand. Everybody feels the pinch: Las Vegas gambling operators have reluctantly substituted plastic chips for shining stacks of silver dollars; bankers in several cities swap dollar bills for 980 in coins, and the Federal Reserve reported last week that retailers are buying coins from big-time hoarders at black-market prices...
...proposal the most attractive of all. Union suggested an exchange of stock rather than out right purchase; the move would free Pure's 48,000 stockholders - among them, the unsuccessful Loeb, Rhoades -from paying capital-gains taxes on a sale. Unlike Atlantic, which also offered a stock swap, Union appears willing to retain Pure as a separate division with its old brand names and management...
Saturday's announcement of plans for the new International Studies building on the site of Lawrence Hall has reopened the possibility of a land swap between Harvard and Cambridge...
...line of computers (called Spectra 70s) with integrated circuits that it claims are faster and cheaper to make than the transistor circuits that run most computers. Next, it signed a ten-year agree ment with West Germany's giant electronics and computer company, Siemens & Halske, to swap patent licenses and technical data in a bid to compete with General Electric in Europe...
Last week Sarnoff arranged another alliance with potentially vast consequences. In what would be a $140 million stock swap, he offered to absorb Prentice-Hall Inc. of Englewood Cliffs, N.J., a leading publisher of textbooks and specialized business literature. Although Prentice-Hall's 1963 sales of $68.4 million are dwarfed by RCA's $1.78 billion gross revenues, the merger could result in revolutionary advances in communications and teaching methods by linking electronics with the printed word -for instance, computer-controlled printing at fantastic speeds delivered electrically to homes and offices...