Word: weeks
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Dates: during 1940-1949
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...McDonald Creamery Co., built it into one of Michigan's biggest dairies. He branched out into investment banking, became a partner in Detroit's McDonald-Moore & Co. (a connection he severed when he joined SEC). Still a salesman, McDonald's first step as SEC boss last week was to call in his division chiefs and tell them to "make this agency one of the best in town to do business with...
...Drug, Inc.'s President Justin Whitlock Dart threw a $90,000 party complete with film stars, searchlights and 10,000 free orchids. To Justin Dart, onetime tackle at Northwestern University, the celebration was the booming kickoff to the Rexall team's postwar expansion program. But by last week many a stockholder had begun to wonder why Rexall had not followed up with a few smashing plays...
Under aging Wonder Boy Dart, now 42, Rexall's earnings slipped from $4,048,403 in 1946 to $1,415,869 last year. For the first nine months of this year, Rexall reported a loss of $1,167,125. For the full year, Dart estimated last week, the loss would be cut, though it would still be around $500,000. Said Dart: "We knew that trouble was coming-but we didn't realize it would hit us so fast...
...Manhattan last week, an obscure company named Connecticut Boola, Inc. paid $4,500,000 to R. H. Macy & Co., to buy Macy's spanking new nine-story building in San Francisco. But there is nothing obscure about Connecticut Boola's parent: Boola is the wholly owned subsidiary of Yale University. The new owner promptly leased the store back to Macy's for 31 years and two months, at an average annual rental of $240,000. Thus Yale became Macy's San Francisco landlord...
...Last week, when the 15 bids were opened for the contract to renovate the White House, at a cost of $4,160,000 plus a fixed fee, McShain was the winner again. The highest bid was a fixed fee of $950,000; the lowest, $100,000, was McShain's. Said McShain: "I figured nobody would go as low as that, so I bid it. I may not make a nickel on it, but I've done so much work in Washington, I just thought I'd like to add the White House...