Word: financial
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Dates: during 1960-1969
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Some of that gap has already been plugged by other combines. In 1964, London's Midland Bank joined the Commercial Bank of Australia, the Standard Bank of London and the Toronto-Dominion Bank to create the Midland and International Banks Ltd. (capital: $56 million). Three months ago, Britain'...
The club was established in 1950 by a onetime Belgian diamond cutter, Gérard Blitz, 54, who got into the business by way of running hotels to rehabilitate concentration-camp victims after the war. Blitz now owns 40% of the club's shares, and Baron Edmond de Rothschild...
"Every time we send a man out, we consider it an expedition, a real trip into the desert. We always go fully equipped, taking our own water and supplies, as it were." So says Marc Alexandre, 37, managing director of the Union Internationale d' Analyse Economique et Financiè...
IN FRANCE, Thomson-Houston took over Hotchkiss-Brandt to form the country's largest appliance producer, and the steelmaking Pont-à-Mousson merged with the Compagnie Financière de Suez (TIME, Jan. 28). Image et Son, a French radio-TV firm owning peripheral stations that broadcast into France...
Last week two big French organizations took just the sort of merger step that De Gaulle has been advocating. Pont-à-Mousson, France's second biggest private industrial company, with estimated 1965 sales of $1 billion, and the Compagnie Financière de Suez, one of the Continent'...