Word: buildering
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...nation's biggest motorboat builder, privately owned Chris-Craft Corp., has long been considered a catch by merger-minded corporations. Both Singer Manufacturing Co. and Brunswick-Balke-Collender Co. recently made offers to Chris-Craft Chairman Harsen Alfred Smith (TIME cover, May 18, 1959). This week the prize was won by NAFI Corp. (formerly National Automotive Fibres), which has diversified into oil and television. The price: $40 to $45 million in cash. NAFI is controlled by the Wall Street brokerage firm of Shields & Co., one of whose partners is famed Yachtsman Cornelius ("Corny'') Shields Sr. (TIME cover...
...mission; she spends her entire $55.50 monthly salary for building materials. For 41 years she has gone on this way, but help is due. Soon to be launched: a new government school-building campaign patterned after hers, to provide a primary-school education for all Colombian children by 1970. Builder Mejia will not lay down her tools; she has plans for 16 more schools, and aims to go on living as one Bogotá nun last week admiringly described her-"a true religious...
FRENCH JETLINER ORDERS are being considered by United Air Lines for the mediumrange, twin-engine Caravelle. United has conducted preliminary negotiations with Caravelle builder, France's Sud Aviation...
Britain's ailing aircraft makers believe that misery loves a new company. Last week Vickers-Armstrongs, maker of the turboprop Viscount and Vanguard, and English Electric Co., R.A.F. fighter-plane builder, sped up their longstanding merger talks. They also began courting Bristol Aircraft, maker of the turboprop Britannia. They feel they will need a big combine to compete against the Hawker-Siddeley Group and de Havilland Aircraft Co., which last month announced plans to merge. If stockholders approve, Hawker-Siddeley and de Havilland will become the biggest aircraft company in the Commonwealth (combined assets: $250 million...
...statue of Pharaoh Sesostris III will soon stand at the Mediterranean entrance to the Suez Canal replacing the giant bronze figure of famed French Canal Builder Ferdinand de Lesseps. Then the Egyptianizing of the canal will be complete. Already, under the new Egyptian management, the Suez Canal handled a record volume of traffic in 1959 without incident. The canal has become the United Arab Republic's most profitable operation, earning more than $100 million last year. Last week, obviously impressed by President Nasser's plans for increasing the international usefulness of the great waterway, the World Bank lent...