Word: cement
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Heavy winds and a small, cement-hard field accentuated every Harvard weakness as the Crimson soccer team slopped to a 3-2 decision over Tufts in Medford yesterday. First-half goals by Ahmed Yehia, Lutz Hoeppner, and Geoff Keppel gave Harvard a cushion that survived two late-game Jumbo flukes in a contest that was neither as close nor as exciting as the final score...
...airport was brand-new six years ago -and outmoded before the cement on its new runways was dry. Its single-entrance internal road system has been dubbed the "world's largest cul-de-sac," and last fall it suffered a monumental traffic tie-up similar to Kennedy's disaster last week. But things are about to change. The city has approved a $500 million program to expand the airport...
...sense, virtually all large U.S. companies are conglomerates; U.S. Steel, for example, not only turns out metals but also builds bridges and sells cement. However, in Wall Street parlance, conglomerates are generally those companies that have adopted a diversification-by-merger philosophy as a way of corporate life-and most of them share Harold Geneen's distaste for the term. After all, says Ralph Ablon, who has built his Ogden Corp. into a far-reaching (shipbuilding, metals, processed foods) conglomerate, the word connotes a company with "no unity, no purpose and no design."* To most image-conscious companies...
Grand Scale. When Kaiser needed more cement for his prewar construction projects, he founded a cement company and one to supply sand and gravel. As an industrialist he followed this idea on a grander scale. Because steel shipments were slow, he organized Kaiser Steel at Fontana, Calif., with a $123 million Reconstruction Finance Corp. loan that brought considerable criticism from Congress and Wall Street alike. He dabbled in airplanes, and with Howard Hughes conceived the idea of a ten-engine cargo plane that never got off the drafting board. Later he founded Kaiser Aluminum...
...prime. He conceived Hawaii Kai, a $350 million model community on 6,000 acres that will eventually house 50,000 people. Before long, the then septuagenarian had cleared land and built the 1,100-room Hawaiian Village Hotel (which he sold to Conrad Hilton for $21.5 million), started a cement company, bought a radio and TV station, and established a Jeep-rental agency that provided pink Jeeps (Kaiser's favorite color...