Word: co
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Dates: during 1950-1959
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...modern life, Cinemillionaire Charlie Chaplin off the set could apparently out-guile even a Boston textile tycoon. According to a suit filed last week in Manhattan by a widow of a onetime business pal, Charlie was wont to have his royalties deposited at Manhattan's J. P. Morgan & Co., then transferred to a Swiss banker, who funneled the funds to a dummy corporation set up by Chaplin in currency-careless Tangier. Result: two years after Chaplin settled in Switzerland-and while the U.S. Government was vainly trying to collect more than $1,000.000 in back taxes-he was still...
...method of building the commercial into the drama is the most distinctive feature of television in Japan, a nation rapidly becoming as TV-obsessed as the U.S. In a soap opera, A Comic Housemaid, the heroine habitually complains of a racking headache in midscene, gulps down an Arakawa Drug Co. remedy and announces: "Now I'm ready for anything." One private eye uses a drugstore as rendezvous-a drugstore whose shelves are conspicuously filled with the sponsor's patent medicines. In another samurai episode, the hero vanquished a batch of evildoers, then warily approached a wayside shrine whence...
...after he graduated from Dartmouth, Joe Butler III followed his steel-baron grandfather and his father Henry A. Butler into management work at the Youngstown Sheet & Tube Co. Later he worked for a while in the family brokerage firm. But when his father died, Joe took on museum directing as well as brokering. It was too much. Forced to decide between them, he chose to be director of the Butler Institute of American...
FOOD MERGER is in works between fast-growing Corn Products Refining Co. and Best Foods, Inc. to create grocery processor second only to General Foods Corp. (annual sales: $1 billion). Corn Products (Mazola salad oil, Karo syrups) grossed $495 million last year, while Best Foods (Nucoa margarine, Hellmann's mayonnaise) grossed $114 million...
Offense & Defense. The major international oil companies did not recover. No one really expected them to. Royal Dutch dropped from 45⅞ to 42; Texas Co. from 71⅝ to 68; Gulf from 118 to 109⅛. Domestic oils, which could benefit from greatly increased production at home in another situation like Suez (see below), staged a smart rally. Atlantic Refining rose from 38 to 40¾; Shell from 76 to 80⅝; Amerada from 104 to 109¼. Like the home-grown oils, many other industries slowed by the recession picked up market strength as investors gambled...