Word: bremen
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Dates: during 1960-1969
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Loudest complaints come from Bremen, Europe's busiest cotton exchange...
German importers cast baleful eyes up on slashed bundles of brittle, short-fibered U.S. cotton that sometimes contains a large amount of twigs, leaves and rocks. Nearly half the U.S. cotton shipments to Bremen go into arbitration, which often results in stiff price penalties for the U.S. shippers...
...Disputatious. The trouble is that the consortium already has permission to drill from the coastal states of Lower Saxony, Schleswig-Holstein, Hamburg and Bremen, whose right to grant such permission is now hotly disputed by Bonn. An even thornier question is how to divide mineral rights between Germany and Holland, as well as among Denmark, Norway and Great Britain, all of whom front on the North Sea. Hope that these five nations could deal objectively with the issue looks dim. "It seems to us that countries that in past ages have had only trouble from the sea," said Rotterdam...
Crowded Market. After months of delay, the hares have begun to nibble. Two Bremen outfits-Focke-Wulf and Weser-late last year merged to form the Vereinigte Flugtechnische Werke, now Germany's largest planemaking company (7,000 workers). Last week Claudius Dornier, 79, boss of his family-owned aircraft company, agreed to join the four leading planemakers in southern Germany-Messerschmitt, Siebelwerke, Heinkel and Bolkow-in establishing a joint company for research and development. The leading power in the new company is Ludwig Bolkow, 51, a wartime designer for Messerschmitt and a leading Eierk...
...only ten years has built a diversified $100 million empire in machinery, ships, electronics, plastics, oil, and filling stations, has been forced to sell off some of his choicest holdings to Munich Banker Rudolf Münemann. At week's end Stinnes was brought into a crowded Bremen courtroom to answer a $4.5 million suit brought by a German mines association, which is trying to recover special compensations that the association claims were wrongly paid four years ago to one of his holding companies. Loss of the full amount could threaten Stinnes' cash-shy empire with bankruptcy...