Word: alcoa
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Dates: during 1970-1979
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Reflecting the economic surge, profits are rising smartly and are likely to show an after-tax gain of some 18% this year over 1971. While second quarter earnings declined at some major companies-including Alcoa, Republic Steel and Magnavox-most corporations reported significant improvements over last year's second quarter. A sampling of the biggest increases: Colorado Interstate up 38%, Metromedia 50%, Honeywell 64%, St. Regis Paper 81% . Alltime high earnings for any quarter were registered by Xerox (up 19%) and IBM (up 22%). A sure sign of a reviving economy was the improved earnings of the airlines...
...International Nickel Co., of Canada, last June reported finding "significant" nickel deposits on the island of Sulawesi but does not expect to begin production before 1975. By then it will have constructed a $200 million mine and ore-processing plant. Others are not even that close to production. Alcoa is prospecting for bauxite in west Kalimantan and north Sumatra; N.V. Billiton Maatschappij of The Netherlands for tin off the shores of Bangka and southwest Kalimantan; and a Kennecott Copper Corp. subsidiary for all kinds of minerals in West Irian, central Java and Sumatra...
...know, calls Godard "the most self-conscious film-maker in the world." In Vent de L'est, a 1969 film which opened at the Festival, Godard passes from self-consciousness to militant solipsism. The movie is, first, about capitalism, colonialism, and exploitation. It is a Western, set at the Alcoa plant just outside of Dodge City. Almost numbingly didactic, the film catalogues the niceties of repression, as Godard's troupe performs a classic ballet; a strike occurs; a delegate to management is chosen; active minorities speak up; an assembly is followed by repression; an active strike marks the onset...
...florid, silver-haired financier was born to rule. His was a celebrated family of bankers who built their capital by lending money to promising ventures and taking ownership interests in return. By the time Richard came of age, his family had dominant holdings in the Mellon National Bank, Gulf, Alcoa, Koppers and Carborundum. Richard, who became head of the family in 1934, later added First Boston Corp. and General Reinsurance Corp. Minority interests gave the Mellons a resonant voice in just about every Pittsburgh-based company except U.S. Steel. The family's policy was to reign rather than command...
Uptight Management. Last week's eruptions were only replays, with minor variations, of earlier confrontations at meetings of American Telephone & Telegraph, United Aircraft, Alcoa, General Electric and Columbia Broadcasting System. The protesters were of varied persuasions-from Marxist-Maoist to Quaker-and they included many affluent young adults and teenagers. Much central guidance was supplied by the Washington-based New Mobilization Committee, which coordinates the activities of many groups opposed to the war in Viet Nam. New Mobe's avowed aims are to 1) end war production, 2) convert factories to peacetime work without layoffs and 3) gain...