Word: avco
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...Office of Student Placement will hold a career conference on Engineering and Applied Physics at 8 p.m. tonight in the Eliot House Dining Room. C. Lester Hogan, Gordon McKay Professor of Applied Physics, will moderate the discussion between Arthur Kantrowitz, Director of the Avco Research Labs, J. R. Pierce, a director of the Bell Labs, and Thomas L. Phillips, Raytheon Missile System Director...
...great shaggy bear of a man rose this week in Washington before a distinguished audience of hypersonic-flight experts to deliver the prestigious Wright Brothers Lecture. For Speaker H. Julian Allen of the National Advisory Committee for Aeronautics, the honor was well timed. That morning Avco Manufacturing Corp. announced that it had devised a blunt-nose cone for the Air Force ICBM Titan. Originator of the blunt-nose concept: Dr. "Harvey" Allen, one of the most brilliant and colorful of the nation's flight scientists...
...Parke, Davis & Co.: $5,246,080 ($1.07 a share) v. $4,196,864 (86? a share). ¶ Avco Manufacturing Corp.: $3,119,876 (34? a share) v. $665,300 (7? a share). ¶ M. A. Hanna Co.: $3,118,107 ($1.01 a share) v. $2,743,362 (89? a share). ¶ Ten New York banks reported first quarter earnings above...
...holder of the oldest name in automatic washers tossed in the towel last week. Bendix Home Appliances, which brought out the world's first automatic washer in 1937, will be sold, pending approval of final terms, by Avco Manufacturing Corp. to Philco Corp. Avco also said it will close its money-losing Crosley appliance business (refrigerators, ranges, radio-TV), leaving 78 distributors around the nation with nothing to distribute. Chairman Victor Emanuel ticked off a host of reasons for Avco's retreat from appliances: "Increasingly severe competition, large over-capacities, rampant price-cutting, rising costs of labor...
Like Autos. Like Avco. many another appliance maker has found itself unable to cover the high costs of nationwide distribution, of straining to produce a full line of models and retooling for new models. As a result, the industry is going through the same kind of consolidation that the automobile industry experienced. Said Westinghouse Vice President Chris J. Witting: "Appliances can be expected to follow the path of automobiles, with half a dozen companies covering the field...