Word: sharing
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Dates: during 1980-1980
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...future the Corporation might consider participating in a venture like the DNA company proposal, provided the University would not own stock in the firm. Although this type of arrangement would not link Harvard and a Faculty member as shareholding business partners, the University would still receive a share of the company's profits in exchange for its patents and it would still confront as yet unresolved academic conflicts. Before the Corporation ventures farther into the mixed-up world of patent development, DNA technology and Faculty moonlighting, it must consider these issues. Unless University groups continue to discuss the unanswered questions...
...mutual funds and other institutions, which had mostly been sitting on, the sidelines in the waning weeks of the campaign, investors sent share prices soaring on the very day after the election. Although the Dow wound up that session with an impressive 16-point gain, at one time it stood 45 points above the pre-election close. Moreover, an unprecedented 84.1 million shares were traded on the New York Stock Exchange. Prices later slipped back as banks boosted the interest rates they charge their prime corporate customers by a full point, to 15½%. But the chill of rising rates...
...anonymity, Olayan is well known to influential Americans such as Occidental Petroleum Boss Armand Hammer, former Bechtel Chief Stephen Bechtel and Chase Manhattan Bank Chairman David Rockefeller. Says Olayan, whose investment in Chase is second only to Rockefeller's 1.7%: "I make quite sure that my share is always smaller than his." The man in charge of Olayan's U.S. operations, run from its headquarters on Manhattan's Park Avenue, is ex-Treasury Secretary William Simon, who is also one of Ronald Reagan's advisers...
...newcomer to the transcontinental market, Eastern started the fare fight last June by offering round trips on some flights for $198, the lowest price on a major airline in a decade. Unwilling to part with a big share of their traffic, other carriers immediately rolled back their rates. Though Eastern subsequently raised its fares somewhat, it failed to cover its costs and suffered from the rate war. After six months, its planes were flying only 30% to 40% full. In the third quarter, the carrier lost $9.6 million, in contrast to a $20 million profit in the same period...
More and more bikers are demanding their share of the American street and road. In 1972, bicycles outsold cars in the U.S. for the first time. Five years ago, an average of 470,000 Americans commuted to work on bicycles on any given day, and Washington hopes that by 1985 as many as 2.5 million will be on the streets, saving as many as 77,000 bbl. of oil a day. OPEC and the huge American self-regard coincided to persuade millions of Americans that the bike makes both financial and cardiovascular sense...