Word: bendix
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Dates: during 1980-1989
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Still more Bendix rumors...
...early days of U.S. aviation; in Washington, D.C. A friend of Amelia Earhart's, Noyes took John D. Rockefeller for his only plane ride, in 1930. A stunt flyer, she also competed in numerous air races and was a co-winner with Louise Thaden of the grueling 1936 Bendix Trophy race...
...members at Stanford and the University of California at Berkeley introduced an ingenious corporate structure to regulate funding and profits with less danger of compromising research priorities. They created a nonprofit Center for Biotechnology Research and have already raised $2.4 million from six major corporations, including General Foods and Bendix, to fund research. If the research develops into fruitful ventures, profits will come under the jurisdiction of a separate company called Engenics. Since the center owns 30% equity in Engenics, those profits will enable the center to aid university research, no strings attached. Says Harvey Blanch, U.C. professor of chemical...
Companies with large amounts of cash on hand, including Seagram and Bendix, have also been benefiting. High interest rates have depressed the price of certain energy stocks like Conoco. As a result, the cash-rich firms can buy the undervalued ones at a fraction of their true worth...
Some merger advocates also contend that big companies have the best chance of holding their own against increasingly aggressive foreign rivals. Larger and more efficient firms can often undersell huge overseas competitors, which frequently benefit from liberal antitrust policies. Says William Agee, chairman of Bendix Corp. "The acquisitions we're seeing at the moment will be a good thing for America in that they will make us more viable in the world market...