Word: tools
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Dates: during 1970-1979
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...HUGHES Tool had a portfolio of securities, but by now the depression was deepening and stocks, bonds, government securities were bringing a fraction of their value. It was the worst possible time to sell any securities, but I cleaned out the portfolio to finance his moviemaking. I particularly remember a line of Australian government bonds, for which we had paid a premium prior to the crash. I sold them off at $38, barely more than a third of their par value...
...money I raised fell far short of what he needed ... He called me in again and asked me to raise $3,000,000 against the value of Hughes Tool Co. I went down to Houston and talked to the executives there about a loan from the Houston banks . . . They told me they would talk to their bankers, and came back and claimed the banks had turned them down...
...were gratified by TIME'S recent article on the use of Xeroradiography as a tool for the detection of breast cancer [Dec. 27]. Your article did mention the work of Dr. John Wolfe of Hutzel Hospital in Detroit, but we feel it did not give full credit to his pioneering efforts in this field. Without Dr. Wolfe's medical and persuasive efforts, Xerox would not have developed equipment for this purpose. During the past three years he has been a tireless cort.ibutor to making Xeroradiography a practical medical tool. Indeed, within Xerox he is considered the father...
...become a "foul ball" and "the great devaluator." The rupture with Nixon came over the impending China visit. Nixon, says Loeb, "has devalued our chances of victory against the Communists by cuddling up to the Chinese Reds and the killers in the Kremlin." He calls Henry Kissinger "a tool of the Communist conspiracy." A Loeb editorial warns that "another four years of Nixon could only be considered a calamity for the nation." Conservative Republican Ashbrook, by contrast, was hailed last week for "complete candor" that has "won him the respect of even his most ardent detractors...
...casino in Las Vegas and another in Reno. He also acquired a TV station, a Las Vegas air terminal, thousands of acres of real estate, and a regional airline, now Hughes Airwest. Meantime, thanks in part to the fact that he left them alone under competent management, Hughes Tool and Hughes Aircraft, an electronics and satellite company, were thriving...