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...Kaiser Magnesium Co. this month reactivated the 20-million-lb.-a-year U.S. magnesium plant at Manteca, Calif...
...talking about the latest mess he has uncovered in RFC in connection with the $15,100,000 loan to Texmass Petroleum Co. (TIME, April 24, 1950), now Texas Consolidated Oils. Symington charged that Allen E. Freeze, former RFC official, had taken a $22,500-a-year job with the oil company while on RFC's payroll and while the agency was considering the loan, damned by the Senate Banking Subcommittee as a "bailout" for big banks and Massachusetts insurance companies. Freeze's duties did not involve the loan directly, said Symington, but he had made at least...
After a wartime stint in the Navy (he came out a lieutenant commander), May was made vice president and secretary of the May Company. Three years ago he became manager of Famous-Barr's $3,000,000 new store in suburban Clayton, and last year the $100,000-a-year general manager of the company's two St. Louis stores. As president of the 24-store, nine-city May chain, Buster will boss an operation that last year had record sales of $417 million. Said father Morton J. May, 67, who is stepping up to chairman: "He likes...
...want every technique used in a Hollywood film packed into a one-minute commercial," complains Film-Maker Robert Lawrence of Jerry Fairbanks, Inc. "It makes it tough for us and sometimes leaves televiewers bug-eyed." But sponsors' enthusiasm for filmed commercials has resulted in an $8,000,000-a-year business for Manhattan alone. More than, 300 filmmakers, many of them operating on shoestrings, are scrambling for a share of the new jackpot...
...that G.E. dragged its feet under pressure from utilities.) Sylvania, by jumping into the market with its own fluorescent tubes, made such lighting commonplace. Though G.E. filed a patent suit against Sylvania (still pending), the fluorescent tube started Sylvania on its own fast growth from an $8,000,000-a-year gross to one of $162 million last year...