Word: float
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...fact, Bell began to step up its borrowing five years ago. Despite tight money, the company this year expects to float a record $4 billion worth of bonds, using many remarkably astute innovations. One idea is to sell $100 "Ma Bell savings bonds," bearing interest of 6½% or more at phone company offices throughout the U.S. Savings and loan men and Treasury officials, who sell U.S. savings bonds, are afraid of the competition that this would bring to them. Mindful of such fears, A.T. & T. officials last week decided to turn as usual to the ordinary channels...
...There will be a renewed rush by corporations to finance their expansion by issuing more common stock. In the 1960s, companies were able to get most of their financing through retained profits, bond issues or bank loans, which were fairly cheap and easy to obtain. Executives were reluctant to float stock because it would dilute their earnings per share. "And in those days," says Stein, "earnings per share were a sacrosanct criterion of executive skill...
...rind of his grapefruit, sipping the dregs of his coffee, and rereading the telegram that sends him flying to New York by cocktail time, where he must perforce plug in his connections, drop his names, jiggle through a dance or two till he's in a position to float Valerie Corday onstage and steal away, leaving her twirling and whirling in a canned atmosphere of chatter and light...
Fullam's first big job, after a mid-July hearing, will be to appoint one or more trustees to run the railroad. The trustees will have the power to float new loans to keep the line operating. While waiting for those loans, Transportation Secretary John A. Volpe warned last week, the railroad may have to shut down for lack of cash to meet expenses, which include the $20 million a week payroll for its 94,000 employees. Said Volpe: "I don't believe any of us can say with any degree of certainty if the payroll will...
Soleri's solution to all of this is to build gigantic complexes that would float on the ocean just offshore, or hang on cliffs, or sail around the earth out in space. Soleri thinks that if the structures are planned well enough, natural recreation areas could be integrated into humanely constructed working and living spaces. People would no longer have to travel interminably to get to their jobs. These complexes, each of which would house about a million people, would be connected by extensive networks of rapid transit facilities. The earth could then cover itself with forest once again...