Word: stocking
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Dates: during 1960-1960
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...many a company such sweeping write-offs would be fatal, would send the stock skittering down. But Bob Gross guessed that he could get away with it, timed the announcement to follow the successful launching from a submarine of the Lockheed-manufactured Polaris missile...
...week's end, with all the bad news out, Lockheed stock had moved up 2¼ points to 24. Bob Gross flew off to Europe for a bit of vacation and some calls on NATO nations who are interested in Lockheed's F-104 fighters. All told, U.S. allies will spend $2.3 billion for Starfighters over the next five years, of which some $608 million will go to Lockheed...
...Auto Manufacturing Vice President Rinehardt S. Bright is charged with accepting a gift of 13,000 shares of C. M. Hall Lamp Co. stock for himself and his family shortly after Hall became the exclusive supplier of headlights to Chrysler...
...biggest single block of stock (an estimated 25%) in the Baltimore & Ohio Railroad is held in Swiss bank accounts. In the fight between the New York Central and the Chesapeake & Ohio railroads to gain control of the B. & O. (TIME, July11), the Swiss-held shares may prove to be the decisive block. Last week the three big Swiss banks that hold the stock advised the owners, in a confidential memo, to accept the merger offer of the C. & O. Merger of the C. & O. and the B. & O., said the memo, would "present many real advantages." The banks pointed...
...correct certain errors" in the banks' thinking. Perlman, who has been a few steps behind fast-moving Walter Touhy since the merger talks started, may not be able to make up the lost ground. The C. & O. already has an estimated 10% of the B. & O.'s stock pledged to it, is reported to have the promise of another 20% from B. & O. investors in the U.S. If the Swiss go along, the C. & 0. will have more than the 51% it needs to control the B. & O., though it needs 80% for a tax-free stock trade...