Word: alcoa
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Dates: during 1960-1969
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...billion in planned capital expenditures. Several agreed to try. Campbell Soup President Willam B. Murphy ordered aides to cut back on all capital expenditures except those that are "absolutely required," and not to be outsouped, H. J. Heinz Co. Board Chairman H. J. Heinz II ordered a similar review. Alcoa, Continental Oil and Reynolds Metals promised to try to trim their outlays...
...risk of being called a defeatist," said Alcoa President John D. Harper, "I question whether this situation is likely to reverse itself in the foreseeable future. In fact, Government influence is likely to accelerate...
...this year. Yet by last week industrial production posted an estimated 4% overall gain for the year. Many Brazilians still gripe about this year's 45% rise in the cost of living, but businessmen give Campos a rousing cheer, and foreign investors are registering their votes with money. Alcoa is planning a $50 million aluminum project, Volkswagen is spending $100 million to double its 60,000-car annual production, and Ford is building a $30 million plant that will turn out all-Brazilian Galaxies...
...stiffening Government controls over the economy, worries that interest rates will go up, and uncertainty whether profits can continue to climb. American Telephone & Telegraph has slumped from 66⅞ to 61⅜ since the Federal Communications Commission six weeks ago announced a thorough investigation of its rates, and Alcoa has dropped from 74 to 66¾ since the Johnson Administration cracked down on aluminum increases...
Every desert has its oasis. Television has George Schaefer. Now that Playhouse 90, the Alcoa Hour, Kraft Theater and Studio One have gone, Schaefer's Hallmark Hall of Fame is virtually the only greenery left. The other directors spawned in the golden days of live and tape television-Arthur Penn, Sidney Lumet, John Frankenheimer, et al.-have all gone to graze in the lusher pastures of Broadway or Hollywood. Only Schaefer still does business at the same old stand. For him 60 feet of studio space still offer acres of opportunity and fulfillment, as he proved with last week...