Word: transferals
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...understand it, the company sponsoring the stock issue only gains funds from the initial stock issue of that stock. That is, when the company prints the stock certificates and then issues them to primary investors, those investors transfer their funds to the company. Once the primary investor sells his stock in the secondary market (i.e. the New York Stock Exchange) to another individual, the transfer of funds is wholly between the two individuals. The company sees none of the proceeds or capital gains from this transaction. (In fact, the owner of stock draws capital from the company, which pays...
...second military guard attended the transfer of the Challenger coffins to the base mortuary, but no relatives of the crew were present. Most had been in Houston on Jan. 31 for the memorial service addressed by President Reagan. Each family now made its own arrangements to receive a crew member's casket...
...revised law, which is backed by the Administration, would end federal controls on the sale and transport of rifles and shotguns and would simplify record-keeping requirements for gun dealers, allowing them to transfer - firearms to "private collections" and sell them unrecorded. Dealers would also be protected from federal prosecution under remaining gun-law restrictions unless authorities can prove that their violations are "willful...
...trying to retrieve Marcos' wealth in the U.S.: get American courts to freeze the disputed assets, then adjudicate ownership in the Philippines to prove that they were improperly acquired. The judgments of the Philippine courts would then be presented to American courts, which would be asked to order the transfer of the property to the Philippine government. "It's traditional legal practice for foreign judgments to be given effect in this country," contends Severina Rivera, a Washington-based attorney for the commission...
...both counts, the House bill is a significant improvement over the sham bill the NRA blew by the Senate last summer. The House bill retains the ban on interstate handguns and ends forever the sale and transfer of machine guns. It also keeps open the possibility of surprise inspections for gun dealers. All of these have been hotly contested by the NRA, and hearings or no hearings, many Congressmen were wise to the implications...