Word: alcoa
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...comfortably maintained its lead as the world's largest primary aluminum producer. As sales rose 8% to a record $515 million, and profits jumped 24% to $34 million. Aluminium poured 790,000 tons of aluminum around the world v. 700,000 by the U.S.'s Alcoa, its fiercest competitor...
...Costs. Aluminium was created largely by Davis' imaginative uncle, the late Arthur Vining Davis, longtime chief of the Aluminum Company of America. Partly to satisfy U.S. trustbusters, Alcoa in 1928 tied its foreign branches into a single package and spun them off as Aluminium. Since 1951, when a federal court ordered Alcoa to sell off the last of its stock holdings, Alcoa's prime interest in Aluminium has been to block it from winning more of the U.S. market, which is Aluminium's No.1 customer...
...million for a new building that will go up at a rate of only $100,000 a week, for example, he invests all but what the building costs him as it goes up, earning interest on every dollar as long as he can. Some treasurers-such as those at Alcoa and Deere & Co.-have even set up their own sales financing subsidiaries to spur sales of their firm's products, and incidentally give them another profitable way to use its cash. "Every piece of asset-whatever it is-must be at work," says Union Oil Treasurer L. B. Houghton...
...Alcoa Premiere (ABC, 10-11 p.m.). The first of what may be spun off as a separate series on C. S. Forester's British naval hero Horatio Hornblower, filmed in England...
Last week Carlson announced that his new company, Gift Stars, Inc., would do just that. With such prestigious companies as P. Lorillard, Kimberly-Clark, Minute Maid, Alcoa and Mennen already signed up for the new adventure, housewives in test areas will soon be finding a bonus of flashy blue and gold Gift Star certificates tucked into or onto everything from baby powder to potato chips. Cold sufferers who grapple for that first sheet of Kleenex, for example, will have to watch out for the coupon imprinted on the pull-out tab. Developed after a two-year study, the coupons will...