Word: shared
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Dates: during 1960-1960
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...freedom from Britain three years ago, Israel's Zim Navigation Co. jumped in with a complete, ready-to-go merchant fleet-the Black Star Line-which saved Ghana so much in foreign exchange that the Nkrumah government recently was able to buy out Zim's 40% share. The Israelis are happy to sell out, and often wind up with a brokerage fee or a managerial contract. Liberia is employing Israeli construction firms on its new $3,500,000 Ducor Palace Hotel, which will be West Africa's finest. Ethiopia's Haile Selassie, who proudly claims some...
...last week to make "the strongest possible protest" against the sentences. But it is doubtful whether Bishops Walsh or Kung will ever emerge from prison. But his old friends in Hong Kong are more proud than sad at the news of his trial. Said one: "Bishop Walsh wanted to share the agony and the suffering of the Chinese priests. Don't feel sorry for him. He's where he wants to be, doing what he wants...
VOLKSWAGEN STOCK will be sold to the public for as much as $75 a share (indicating a desire to further free enterprise in West Germany), and German buyers can now get Volkswagen cars with almost immediate delivery because of a rise in Volkswagen production and competition from foreign cars...
...explained, there was a problem about Martin's stock, which was tied up in a voting trust that enabled the older brother to control 51% of Revlon's stock and dictate Revlon policy. Charles would be glad to exchange 100,000 of Martin's Revlon shares for the equivalent value in the stock of Schering Corp., a New Jersey drug firm which Revlon had bought with the idea of a merger, later dropped. But Charlie's legal counsel had advised him, he said, that a straight-value switch might hint of favoritism, open Revlon to stockholder...
Inside Information. Martin said he agreed only after Charles assured him that he had inside information that Schering stock was going to appreciate much faster than Revlon. And anyway, they would informally agree that if it did not, Martin would be reimbursed his $3 a share plus the market-value difference...