Word: aetna
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...share, Johnson & Johnson from 20? to 25?, Associated Dry Goods Corp. from 55? to 62½?. McDonnell Aircraft announced plans to split its stock 2 for 1 and double its annual cash dividend of $1. Stock dividends were declared by St. Regis Paper Co., Cooper-Bessemer Corp., Aetna Casualty and Surety...
ELECTRONIC BRAINS are so expensive that businessmen will form co-ops to lease and operate giant computers. In first such move by private enterprise, four fire insurance companies-Springfield, Phoenix, Aetna, National-formed independent SPAN Electronic Data Processing Co. to share $1,300,000 (rental cost: roughly $30,000 per month) IBM 705 computer...
...SKYSCRAPER, a 40-story hotel topped only by 1955's Prudential building, will rise along Chicago River by 1959. First hotel to be built in room-short Chicago since 1929 will have 1,216 rooms. Backing it is Promoter Jerrold Wexler, 32, who raised $3,500,000 from Aetna Life, $2,500,000 from his father-in-law, Chicago Real Estater George S. Lurie, and brother Louis R. Lurie, San Francisco real-estate tycoon...
...National Association of Independent Insurers said: "Before the end of the year the western half of the country will see substantial increases. It may be the second quarter of 1957 before they get to the eastern areas." Another top rate-making group, the National Bureau of Casualty Underwriters (Aetna Casualty, Travelers, U.S. Fidelity & Guaranty), had already tipped its hand with a request for a 23% increase in Oklahoma...
...Henry Samuel Beers, 57, moved from vice president to president of Hartford's Aetna Life affiliated Companies (second largest full-line insurance group after Travelers). He replaces Morgan B. Brainard, who becomes chairman. A Phi Beta Kappa from Trinity College (Hartford), Beers was headed for law when he was persuaded to take an actuarial exam, went to work for New York's Home Life. Aetna hired him in 1923, made him vice president in 1936 shortly after he headed the commission that wrote Connecticut's unemployment-insurance laws...