Word: boveri
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Dates: during 1940-1949
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...path of two-way trade with Europe, which ECA hopes to smooth, was still rocky. When Cleveland's Municipal Light Plant opened bids last week for two new turbogenerators, Switzerland's Brown Boveri & Co., Ltd. was low by $500,000, Nevertheless, some city officials wanted to give the contract to a U.S. firm; they said they felt that replacement parts might be hard to get in event of war. Brown Boveri promptly pointed out that it could retaliate: it had bought more than $2,000,000 worth of U.S. equipment in the last ten months-more than...
...Mellon sold it in 1916 for $11,500,000 to American International Corp., and its troubles began. From 1925 on it was bought & sold first by brilliant, eccentric Laurence Russell Wilder, a promoter, who dropped its name and combined it with his electric equipment manufacturing firm of American Brown Boveri Electric Corp.; then by Motormaker Errett Lobban Cord, a promoter too. Present owner (since 1938): canny, balding Victor Emanuel's Aviation & Transportation Corp., which controls 102,800 of its 175,000 founders' (voting) shares...