Word: cashing
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Dates: during 1960-1960
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...routes, National-the nation's seventh-ranking airline-lacks the aircraft needed. It will probably find it difficult to raise the cash for new planes. Delta Air Lines, the sixth largest U.S. air carrier, is well fixed. But oddly enough, since hustling Delta is stronger, it got the less attractive routes. Its routes start in Atlanta and branch out only after Albuquerque to San Francisco and Los Angeles, while National's net starts in Miami, spreads out from Houston to Los Angeles and San Francisco. Stodola's recommendations must be acted on by the full...
...Bonny, 57, was elected president of the Morrison-Knudsen Co., the world's biggest publicly-owned heavy construction firm (1959 construction completed: $236 million). He succeeds Harry Winford Morrison, 75, who, with the late M. H. Knudsen (TIME cover, May 3, 1954), founded the company with $600 in cash 48 years ago and who will continue as chairman. San Francisco born. Jack Bonny started in the construction business after graduating from the University of California in 1925, joined Morrison-Knudsen in 1931, as a project manager. He became a vice president in 1943 and general manager...
...years at the game, Publisher Samuel I. Newhouse has never exhausted either the will or the cash to buy newspapers. Fortnight ago, he added to his 14 papers by acquiring a healthy $3,600,000 slice of the Denver Post (TIME, June 20). Last week, still hot after bargains, Newhouse made a quick trip to Massachusetts, came home with a $4,000,000 piece of Springfield's three jointly held newspapers...
...Robbed. Near La Grange, Ky., after finding $200 in cash and other belongings missing when they returned to their padlocked locker room following a game with the Kentucky State Reformatory baseball team, the visiting Fort Knox nine was told by Deputy Warden Porter Lady, "A lock doesn't mean much to some of our boys...
...GOLD LOSS, which at one time reached $2.3 billion a year, is down to trickle. In first quarter nation lost only $50 million, lowest since drain started in 1958, as exports rose and foreigners invested cash in U.S. in high-interest government notes...