Word: co
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Dates: during 1950-1959
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Detroit had expected it for months; last week Ford Motor Co. finally had to make it official. The company dropped its medium-priced Edsel, introduced only two years ago. Said Ford, in a pained announcement: "Retail sales have been particularly disappointing, and continued production of the Edsel is not justified, especially in view of the shortage of steel...
...before, Curtice and Anderson, friends for 35 years, had joined G. Arthur Brown and their host, George W. Kennedy, board chairman of the Kelsey-Hayes Co., at an exclusive businessmen's duck-hunting preserve on Ste. Anne's Island, on the Canadian side of Lake St. Clair. After a good night's sleep in the island's lodge, the four hunters rose late, sampled the icy (17°) morning air, had a leisurely breakfast. By 9:45 a.m. Curtice and Anderson were seated side by side on cartridge cases behind their blind, with 12-gauge shotguns...
...annually and posted a profit last year of $34 million. National Dairy Products Corp. this year spent $1,600,000 on new plant, was able to declare a $1,800,000 profit, which covered its entire new investment. The story is the same for Cleveland's Lincoln Electric Co., which has nailed down 50% of the market for heavy electrical welding machinery; last year it gave its 148 employees $117,000 under a profit-sharing plan (Lincoln's employment waiting list: 2,000 people), has just opened a new $2,700,000 plant in Sydney and is working...
...Aussie who invests in a domestic company can make handsome profits on his own. In a land that is turning out its own diesel engines, railroad cars, jet aircraft and transistor radios, stocks are an investor's dream. Ansett Transport Industries, Clyde Industries (engineering), Broken Hill Proprietary Co. Ltd. (steel) are all up 50% in a year, while Colonial Sugar Refining has jumped 70% and Rothmans Ltd. (cigarettes) a whacking...
...February 1955, Sir Ernest Oppenheimer, then board chairman of De Beers Consolidated Mines, Ltd., received shocking news. General Electric Co. had succeeded in making a synthetic diamond. Hastily, the world's diamond king conferred with De Beers' top officials, finally said: "If it must be, then De Beers must do it too. We cannot stick our heads in the sand." Last week De Beers finally did it; the company announced that it had developed a synthetic diamond to compete with G.E.'s highly successful man-made stones as industrial abrasives...