Word: offing
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Dates: during 1960-1960
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The courtroom drama was enhanced by the presence of two distinguished antagonists. Attorney Herbert Brownell Jr., acting as counsel for Westinghouse, rose seven times to state "Westinghouse pleads guilty." Opposing Brownell in court: U.S. Attorney and Trustbuster Robert Bicks, who in 1953 was brought into antitrust work in Washington by...
A CHERISHED aim of the U.S.
Government has long been to encourage U.S. business to invest abroad. Now that aim is being re-examined and questioned, even in Government circles, because foreign investment contributes to the outflow of U.S. gold.
When Ford recently decided to buy the rest of the stock (44%) of its British subsidiary, the prospect of $300 million in U.S. capital flowing to Great Britain so worried Treasury Secretary Anderson that he personally tried-unsuccessfully-to get the company to reconsider its plans. The Ford episode highlights...
This year some 3,000 U.S. companies will invest about $1.25 billion abroad v. $1.2 billion in 1959 and $1.1 billion in 1958. Altogether, U.S. private investment abroad amounts to about $30 billion, 50% more than U.S. Government investment abroad. While the pace of foreign investments has been stepped up...