Word: cashing
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Dates: during 1960-1960
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...gross estate. Ann Woodward, 43, and her two sons, William III, 15, and James, 11, each get the income from a third of the residuary estate. Ann, who has not remarried and largely abstains from the Manhattan social whirl these days, also got a cash bequest...
Whether given for work well done or cash on the barrelhead, the degree awarded honoris causa (on the house) is the nearest-if still remote-U.S. version of mention in the Queen's Honors Lists. Old members of the lodge see an old pattern: small colleges seek big names for publicity, women's colleges inevitably revere women, and big colleges serenely honor ability. Few would dare to claim that the quality of degrees is rising: only two years ago a Manhattan restaurateur got a doctorate of laws from the University of Idaho for ''promoting better...
...discount cut is bound to make it easier-and cheaper-for the Government and business to raise cash. At the prospect of lower rates, long-term Government issues last week speeded up their recent climb; yield on one issue dropped to 3.93% v. 4.27% less than two months ago. Wall Street hoped that the Fed's next move would be to lower the 90% margin requirements on stock purchases. Brokers feel that the market, like the economy, has behaved well-and now could also use a little easier credit...
...acquire others, showed himself a clever and cool reorganizer of corporations. His method is simple: he looks for faltering companies that have potential earning power and whose s tock is selling for less than the company's book value. He also likes to find a company with cash in the till to help pay the purchase cost. Evans never merges his company with others through stock swaps, instead buys the other company's stock and retires it, thus increasing the value of the purchasing company's stock. Per-share value of Porter stock increased from...
Empire Building. Last February Riklis had a chance to sell Butler Brothers to City Products Corp. for $50 million-of which $34 million was in cash. With the cash he set up B.T.L. as a corporate shell, and went shopping. For $7,000,000 in cash he bought 38% working control of United Stores-which in turn controls the McCrory-McLellan chain of stores-from the H. L. Green chain, which was having its troubles. (Green had merged with Maurice Olen's chain of stores in the fall of 1958, but Olen has been charged with overstating his assets...