Word: alcoa
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Dates: during 1960-1969
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...hitting the European capital market through a Luxembourg holding company came into vogue among U.S. companies. Mobil Oil, the first to be enticed, organized Mobil Oil Holdings, S.A., and in June 1965 floated a $28 million bond issue to finance foreign operations. Uniroyal, Bankers Trust, Du Pont, Alcoa, Honeywell, ITT, and Standard Oil (Indiana), among others, followed Mobil's lead...
Died. Lawrence Litchfield Jr., 67, past chairman of Alcoa aluminum; after a stroke; in Philadelphia. During a 40-year career with the nation's largest aluminum producer, he tramped African jungles, struck oil in Texas and saw sales top $1 billion...
...corporations are already beginning to play a similar role. Chase Manhattan Bank thinks nothing of setting aside $100,000 a year for sculpture and paintings for their banks. Sculptor James Wines has finished an ll-ft.-high piece for Hoffmann-La Roche, Inc., in Nutley, N.J. In Los Angeles, Alcoa's huge new Century City complex will be complemented by a 30-ft.-long, 8-ft.-high Peter Voulkos...
...Alcoa...
Dozens of industrial giants seeking new fields to conquer in the '60s have been tempted by the backward and fragmented housing industry. Most of them -including Alcoa, Union Carbide, Humble Oil, Reynolds Metals and General Electric-have found the resulting problems formidable and the profits elusive. Among others, National Gypsum, Certainteed and Sunset International Petroleum have retreated with bruises from construction ventures. But not ebullient Boise Cascade Corp., the Idaho-based paper, timber and building products maker. Having spread successfully into prefabricated homes and conventional housebuilding, the company last week moved into the land-development business as well...