Word: co
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Dates: during 1950-1959
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DRUG MERGER is in the works be tween Bristol-Myers Co. (1956 sales...
NUCLEAR ELECTRICITY for rural co-ops will be slow in coming because of inflation. With costs zooming, American Machine & Foundry backed out of deal with AEC to construct reactor for proposed rural co-op at Elk River, Minn., and Foster Wheeler Corp. withdrew offer to supply reactor for another co-op at Grand Rapids...
Ever since April 1954, when 2,800 United Auto Workers walked out of Wisconsin's Kohler Co. over a contract dispute, company and union have been in a bitter stalemate. During the strike, Kohler is operating its plumbing-fixture plant with about 2,000 non-union employees, whom it steadfastly promises to keep on the job even when the fight is settled. Just as firmly, the U.A.W. sets as its price for peace the promise that all the strikers will be rehired, and at one point it tried to organize a nationwide boycott of Kohler products. Last week, handing...
...pushing surplus stocks of petroleum products to 723.9 million bbl. by the end of September, nearly 43 million bbl. more than during the same period last year. Oilmen everywhere cut back exploration for new wells, and prices slumped sharply. With more oil than it can sell, Ohio Oil Co. shaved its bids for new supplies of Wyoming heavy crude by 8? per bbl. and Indiana Standard cut its price to Arkansas producers by 10? per bbl. At consumer levels a rash of price wars from New Orleans to New Jersey cut service station prices...
...cheaper foreign oil under a "voluntary" 10% reduction program (TIME, Sept. 30). Having already rejected appeals by three companies (Tidewater, Indiana Standard Oil, Ohio Standard) for sizable boosts in their import quotas. Navy Captain Matthew V. Carson Jr., administrator of the program, also turned down Eastern States Petroleum Co. and Sinclair Oil Co., even though Sinclair argues that it will mean costly cutbacks in its ambitious plans to sell Venezuelan crude...