Word: anaconda
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...assistance. Broe gave Gerrity a list of American companies that might help in such a plan, "providing the economic course was feasible." Gerrity said that he was opposed to creating economic disturbances, but later organized, according to the testimony, at least two meetings with representatives of such companies as Anaconda, Kennecott Copper, Bank of America, Pfizer Inc. and Ralston Purina. The other companies were not willing to go along with such adventurism...
Allende has charged that the nationalization has prompted a retaliatory United States trade boycott. His claim seems justified: Anaconda and Kennecott Copper, giants on the American corporate landscape, were crippled by the move, and one-side-revelation of the ITT case last year was that the conglomerate contemplated toppling Popular Unity to safeguard its investments...
...increase in the income tax, a group called Save Our State put $77,000 into the unsuccessful drive to promote the sales tax. Forced by court order to open its books, S.O.S. was found to be financed almost entirely by three corporate giants?the Anaconda Co., the Montana Power Co. and Burlington Northern Inc.?they hoped a sales tax would lead to relief of their heavy property taxes...
Pinheads. At the same time, Allende has been trying to shore up his country's international credit rating. He has begun to make token payments on some of Chile's obligations to foreign firms, including the Anaconda Co., which last week dropped court-ordered liens against certain Chilean properties-including holdings of LAN-Chile, the state airline-with assets in the U.S. Allende has also paid at least half of the $2.2 million in interest due the Boise Cascade Corp., which owned an electric company that was sold to the Chilean government in 1970. In Paris, no agreement...
Dogging the Dow's progress are the limp performances of quite a few of its stocks, including Anaconda, United Aircraft, U.S. Steel and International Harvester. Profits of many of the big firms have been vitiated by recession, expropriation of their property abroad and muscular foreign competition. Because their size makes them so visible and the impact of their actions is so widespread, the prices that large firms charge are more tightly controlled than those of smaller companies...