Word: co
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Dates: during 1950-1959
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Humphrey, Javits & Co. would like nothing better than a cloture rule allowing the Senate to cut off debate by a simple majority vote. Against that, Georgia's Richard Russell, strategic leader of the filibuster forces, and Majority Leader Lyndon Johnson, even while admitting last week that a change in Rule XXII is probably inevitable, aim at holding it to a near-meaningless minimum. From the battle that will begin next Jan. 7 between those two positions may come a rule allowing Senators to talk lengthily-but not forever...
...director of the Imperial Household Board rode last week across the moat surrounding the Imperial Palace and was whisked along Tokyo's streets to the Gotanda district. The car drew up before the high-gabled, ten-room house of Hidesaburo Shoda, president of the Nis-shin Flour Milling Co., the largest in Japan...
With profits recovering, many a board of directors saw fit to pass on to stockholders a traditional holiday treat: an extra year-end dividend. P. Lorillard Co., still riding high on the sales of Kent cigarettes, voted a 95? extra, bringing dividends to $4 v. $1.95 in 1957. Extra dividends and 2-for-1 stock splits were approved by Pet Milk and Kellogg Co.; growing drug sales gave Chas. Pfizer & Co. stockholders a higher dividend, a year-end extra of 60? and a proposed 2½-for-1split...
...Help from Home. What makes the situation precarious is that in times past, Owner Hughes could be counted on to pick up the tab for losses. But Hughes is having troubles in other parts of his empire. Hughes Tool Co., which is financing T.W.A.'s new jets, is in no position to absorb more heavy losses. For years the company did a $120 million annual business in oilfield equipment-and turned a 50 profit before tax on every dollar. Now profits are down sharply. A decline in oil drilling, rising competition at home and imports of oil from abroad...
...Christmas this year, Lockheed and most other planemakers, Continental Oil Co.. Diamond Alkali are mailing letters wishing one and all a very merry holiday, but please do not send any gifts to our employees. Boeing Airplane, U.S. Steel, California Packing, Cutter Laboratories, Morri-son-Knudsen Co. and Dresser Inc. have similar policies, though they do not send out a formal letter. Former General Motors President Harlow H. Curtice did not go that far in laying down a rule of thumb to guide his people but he did send around a memo that no G.M. man should accept a gift...