Word: armco
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Dates: during 1960-1969
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...major industries besides Ford have been lured to Valencia with a total investment of some $110 million. Among them: United Carbon, $3.3 million investment; Britain's Rootes Motors, $1 million; British-American Tobacco, $8 million; Container Corp. of America, $6.6 million; Owens-Illinois, $6.2 million; Armco Steel Corp., $4.4 million. When it started, the council hoped some day to see a payroll of $800,000 each week. Though most of the plants are still unfinished and many regular production employees have yet to be hired, 12,000 new industrial jobs have already been created, and the Saturday payroll...
...bosses of dozens of other top U.S. companies, the greeting from stockholders depended not so much on additional goodies but on whether profits were up or down. Steelmen beamed as they presented quarterly reports posting new records for sales and earnings. Armco Steel was up to $1.62 per share v. $1.43 in last year's first quarter; Kaiser Steel zoomed from 76? to $1.79 per share; both Republic Steel and Granite City Steel were ahead of 1959. As the first of the automakers to report, Ford Motor Co. foretold good news from Detroit with first-quarter earnings...