Word: co
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Dates: during 1950-1959
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STRIPPED-DOWN MERCURY, to be named the Medalist, will be brought out by Ford Motor Co. this month to buck increasing sales competition from fancier models of the low-priced three. Suggested list prices: $2,324 for two-door sedan, $2,390 for four-door-about $100 cheaper than lowest-priced Mercury models now on sale, and less than Ford Fairlane...
MERGER-BUSTING POLICY will be pushed by FTC to stop what it considers to be growing concentration in some industries. As a start, FTC ordered Crown Zellerbach, No. 2 U.S. papermaker (after International Paper), to sell St. Helens Pulp & Paper Co., which it bought in 1953. This was first time FTC invoked amendment to Clayton Antitrust Act that forbids merger which may create monopoly in just a single line of commerce. (The "line" in this case is the coarse-paper market in eleven Western states.) Crown Zellerbach will appeal to courts...
BILLION-DOLLAR CLUB will be joined by R. J. Reynolds Tobacco Co. (Camel, Winston, Salem), 43rd U.S. company to enter. Reynolds' sales in 1957 topped $1 billion for first time, due largely to Winston. But Reynolds is still trailing the $1.1 billion American Tobacco Co. (Lucky Strike, Pall Mall, Hit Parade...
...operations into 79 acres on the southwest part of the property, build a $15 million structure to house all its offices and indoor stages. (For outdoor shooting, Fox has a 2,300-acre ranch, 25 miles away in the Malibu district.) Fox will continue to let Universal Consolidated Oil Co., which is pumping crude from underground stations that cannot be seen at street level, and which has paid more than $500,000 in royalties to Fox since the lot's first deep well was brought in late in 1955, drill...
...trading, and has serviced 450,000 investor-clients in the past three months alone. A shrewd New Englander from South Hadley Falls, Mass., he attended Phillips Academy at Andover, Mass., went from Amherst ('16) to a $7-a-week runner's job in the fledgling Merrill Lynch Co. with a burning conviction that the brokerage business had a tremendous future...