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...submarine-that it will build in the shipyard it bought last January from Bethlehem Steel. In Groton, Conn., General Dynamics launched its first civilian submarine, a research sub for the University of Pennsylvania. It also broke ground for a lime-processing plant in Detroit and delivered a 160-passenger CL-44 turboprop plane to Icelandic Airlines. Altogether, General Dynamics has rebounded from a 1961 loss of $143 million-the largest deficit ever suffered by any U.S. corporation-to a 1963 profit of $50 million on sales of $1.4 billion...

Author: /time Magazine | Title: Corporations: The Rescue | 6/5/1964 | See Source »

...back the Convair division, shifted some of its projects and executives to other divisions in the company and fired more than a few. With his aides, he analyzed each one of the company's 100 major programs, from missiles (Mauler, Redeye, Terrier, Tartar) and planes (B-58, CL-44) to nuclear reactors and metal forming devices. He speedily closed down production of Convair's money-draining civilian jetliners, but put stronger emphasis...

Author: /time Magazine | Title: Corporations: The Rescue | 6/5/1964 | See Source »

Surprisingly, though, the story seldom lags, mainly because some first-chop talents go at it as if the idea were spanking-new. Director René Clèment (Forbidden Games) mounts several taut scenes, especially one in which passengers aboard a crowded train seize a Gestapo agent and fling him onto the rails. Fortunately, too, the dialogue by Novelist Roger Vailland neatly sidesteps heroics. "The war doesn't interest me," drawls Signoret, whose husband is safely lodged in a P.W. camp...

Author: /time Magazine | Title: Cinema: Dangers Deja Vus | 3/6/1964 | See Source »

Last week Icelandic moved to offer a little more speed along with the low fares. For $8,000,000 it bought two Canadair CL-44 turboprops that will cut Icelandic's New York-to-London flying time to eleven hours, compared with 16 hours for the DC-6Bs and six hours for the jets...

Author: /time Magazine | Title: Iceland: Airborne David v. Goliath | 2/28/1964 | See Source »

...DEMANDS CTI ON CL IN GBA, announced the headlines in Rio news papers. Too much bottled cheer in the composing room? Not at all. As savvy Brazilians saw at a glance, it was the perfectly normal way of saying that President Joao Goulart's Brazilian Labor Party demanded a parliamentary investigation into the actions of Governor Carlos Lacerda of Guanabara state. In their casual conversations, Brazilians can be just as cryptic, leaving the befuddled stranger convinced that, letter for letter, Brazil is the world's most overalphabetized nation...

Author: /time Magazine | Title: Brazil: Snafu | 1/10/1964 | See Source »

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