Word: toole
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Dates: during 1960-1969
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...terms of last week's deal, TWA will get $74 million in four-year 6% notes from Irving Trust and eight other banks, and another $94,800,000 in twelve-year equipment bonds from the Equitable Life Assurance Society and the Metropolitan Life Insurance Co. The Hughes Tool Co., which is entirely owned by Hughes and which, in turn, actually owns the TWA stock, will buy $78 million of the $100 million debenture offering, plus any of the rest not picked up by TWA stockholders. TWA will provide $50 million from earnings and depreciation allowances to bring the grand...
This will mean that TWA, which now leases 17 Boeing 707 jets from the Hughes Tool Co. on a day-to-day basis (and owns only eleven jets), will be able to buy outright its whole jet fleet, which by the end of the year will total 43 planes. The loan total is only slightly more than the profit Hughes could have made by selling his TWA stock at its postwar market peak of 72. Its price at last week's closing: 12⅝ up 1¼ on the news of Hughes's financing deal...
...thought of as a house of novelties, a "list of firsts," but rather as a tool, to allow students more possibilities than they now have to develop their ideas and extend their talents...
Even these reasons for supporting Federal school aid are essentially negative; they are based on shortcomings of local and state-controlled education. There are, meanwhile, positive considerations which deserve attention. Most prominently, Federal aid can become the nation's most effective tool in implementing the Supreme Court's integration decision...
...week's business news-for a change-was encouraging. The Commerce Department reported that manufacturers' new orders in August rose 2% over July, ending a two-month decline and taking the sting out of a decline in manufacturers' sales for the sixth straight month. Machine-tool orders soared 32% over July for the best rise of the year, partly because of pending price increases of from 4% to 10%. Construction put in place in September continued to move upward. Department-store sales snapped back from a three-week decline, rose 2% over last year across the nation...