Word: avco
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Wall Street's Financier Charles E. Allen, who bought Brill from Victor Emanuel's Avco Corp. a year ago and added it to his growing collection of U.S. companies (Colorado Fuel & Iron, American Bosch), likes Perelle's methods so well that he gives him a free hand. They both realize that the big Government orders make Brill, to some extent, a war baby. But Perelle hopes to have Brill strong enough, when rearmament is over, to stand on its own feet...
...Albert C. Wedemeyer, retired lieutenant general who is now a vice president of Avco Manufacturing Corp., announced that he favors "the able and forthright Senator from Ohio, Robert A. Taft...
...when he was elected vice president of finance and revenue in 1949. LIEUT. GENERAL ALBERT C. WEDEMEYER, 54, retiring commander of the U.S. Sixth Army and a leading witness at the MacArthur hearings (TIME, June 25), was elected vice president of Victor Emanuel's Avco Manufacturing Corp. (Crosley Radio, Bendix Home Appliances and six other companies...
...temporarily, and price cuts were sprouting like spring crocuses. Most startling example was in the television industry, which was supposed to be the first to be hard hit by arms production. It found to its surprise that even with cutbacks it was producing more sets than it could sell. Avco Manufacturing Corp. had already lopped $40 to $60 off the price of some of its Crosley sets. Last week Admiral Corp. cut prices $30 to $40 on its cheaper models, Halli-crafters Co. brought out two new low-priced sets, and it looked as if other TV-makers would follow...
...Among them: Occidental Life Insurance Co., Penn Mutual Life Insurance Co., Avco Manufacturing Corp., Philadelphia Co., Standard Gas & Electric, Duquesne Light Co., ACF-Brill Motors, Steep Rock Iron Mines, Ltd., Republic Steel Corp., Washington's Carlton and Wardman Park hotels...