Word: co
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Dates: during 1950-1959
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...other hand, many market experts realize that the same psychological whimsy that has sent the market into a slump can halt its decline at the least sign of brightening economic weather. At week's end, Wall Street kept an anxious eye on the business barometers. Said Walston & Co.'s Edmund W. Tabell, one of the Street's top market analysts: "If Christmas sales and automobile sales pick up, 420 will be the bear market...
...LIQUOR SALES, in which a wholesaler forces dealer to take less popular brands before he can get scarce, top-quality liquors, are illegal, U.S. Supreme Court ruled. Case was brought against Magnolia Liquor Co., the sole Seagram's distributor in New Orleans, which required dealers to take Seagram's Ancient Bottle and 7 Crown brands in order to get scarce Scotch and Seagram...
UNION STRIKE BENEFITS are tax-free gifts rather than taxable income, a federal court ruled in Milwaukee. Jury ordered Internal Revenue Service to return $108 that it assessed on $566 paid to Kohler Co. striker by United Auto Workers. Unless higher court revokes it, decision will set legal precedent affecting millions of dollars in taxes...
ARABIAN OIL MONOPOLY, held by U.S.-owned companies, will be broken if Japan's new Arabian Oil Co. signs pending contract, upsetting the traditional 50-50 profit split. Terms of deal are still secret, but oilmen in U.S. and Tokyo say that Japanese company will pay about $2,000,000 a year to seek oil off shore of Saudi Arabia's half of Neutral Zone, will give 56% of profits and several other benefits to Saudi Arabia...
...chain reaction. At the moment the reactor "goes critical," a flow of 508° F. water will pass through the core chamber, starting a nuclear process that eventually will produce steam to generate electric power. After three years and $110 million spent by the U.S. and the Duquesne Light Co. on the Ohio Valley plant, the nation's sluggish private atomic energy program will show its first practical results...