Word: biggest
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Dates: during 1960-1969
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...biggest economic shake-up of Gomulka's reign, Jedrychowski's No. 2 man and two Deputy Premiers concerned with economic affairs were given other jobs. Appointed to the planning commission were three outside men - including a new chairman, Economist Jozef Kulesza - whose views appear to be more flexible than those of their predecessors. In addition, Politburo Member Boleslaw Jaszczuk was given the task of overseeing all economic development in Poland. Whether the new men can engineer the sweeping changes that Poland really needs remains to be seen. But the switches seem to indicate that the regime has finally...
...from Billy Clubs. Though the industry remains balkanized, takeovers and acquisitions are increasing. The biggest and broadest-gauged company in the field is Bangor Punta Corp., a Manhattan-based conglomerate that has acquired five suppliers of law-enforcement equipment over the past three years. Among them is the maker of Chemical Mace, the liquid-tear-gas spray. Sales of law-enforcement equipment now account for about 9% of the Bangor Punta's $259 million annual sales and 30% of its $22 million pre-tax profits. The company broke into the market in 1965 by acquiring Smith & Wesson, whose revolvers...
...recently he has loosened the purse strings in a somewhat belated effort to renew the company's plants. As part of a threeyear, $1.8 billion spending program that began in 1966, U.S. Steel has installed ten oxygen furnaces, is now phasing in one of the world's biggest continuous casting lines at Gary, Ind. It has also abandoned its lofty refusal to cut prices to meet foreign competition, and has begun offering some discounts...
Winners and Losers. In picking the winner, President Johnson went along with many-but not all-of the original recommendations. Probably the greatest gainer was Los Angeles-based Continental Airlines, only the eleventh biggest U.S. airline. Its new runs to Samoa, Micronesia, Australia and New Zealand will make it a sizable inter national carrier. Another big gainer was TWA, which was awarded rights to fly from the U.S. to Hong Kong, Taiwan and other places. By linking its new Pacific runs with its existing transatlantic ones, which go as far as Hong Kong, TWA will become a round-the-world...
...biggest loser was Eastern Air Lines, which ran an $11.8 million deficit in this year's first eleven months. It failed in a bid to broaden its horizons to Pago Pago, Papeete and other South Pacific spots. Not even close connections in the White House did much for an other loser, American Airlines. Its former chairman, C. R. Smith, is Johnson's Commerce Secretary, but American's application for a Tokyo run was rejected...