Word: co
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Dates: during 1950-1959
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...article "Success in Sicily" contained a statement that Gulf Oil (i.e., Gulf Italia Co.) gets from its Sicilian oil-production operations 80% of all profits, instead of the standard fifty-fifty split. The truth is that Gulf Italia Co., under its concession terms established in 1954, pays to the Sicilian government a royalty of one-eighth of the gross production, plus corporate taxes (i.e., income tax and tax on the capital and on the extra profits). The combined and aggregate payment to the government of royalty and taxes brings about a fair and equitable profit sharing, which is practically equivalent...
...PIGNATELLI ARAGONA General Manager Gulf Italia Co. Rome...
Metal Spare Tire. Firestone Tire & Rubber Co. has developed a flat, rubber-rimmed metal spare tire that takes up little room in the trunk, can easily be bolted on the hub over a flat tire by raising the wheel off the pavement with a jack. The motorist can drive as far as 100 miles on the tire at speeds of up to 45 m.p.h...
Tough Plastic. A new heat-and abrasive-resistant plastic, 100 Tenite Polyethylene, was announced by Eastman Kodak Co. The plastic is so tough that utensils made of it can be sterilized in boiling water or washed in automatic dishwashers...
...Hollywood really through? This year, average weekly movie attendance is down to 44.2 million from a peak postwar average of 82.4 million, according to Sindlinger & Co. Universal Pictures Co., Inc., which will pay stockholders a respectable dividend (25? a share) this quarter and has declared a 25?extra dividend, this month fired some 400 of its 1,300 permanent employees, announced that it was "taking time out for a reappraisal," meantime would live off its 32 unreleased films...