Word: co
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Dates: during 1950-1959
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...built last year at the Illinois Institute of Technology (TIME, July 2). Looking to the future, the A.I.A. also presented its annual awards to 20 contemporary architects. The top winner: Architect Eliot Noyes. 46, for his own Connecticut house (opposite), which also won a Homes for Better Living Award, co-sponsored by HOUSE & HOME, the A.I.A., Better Homes and Gardens, NBC and 13 other groups...
THREE-WAY MERGER is proposed by boards of Textilemaker Bachmann Uxbridge Worsted Corp. (1956 sales: $33 million), American Hard Rubber Co. (sales: $27 million) and Wardell Corp., which sold its Eureka vacuum-cleaner business in 1953. If stockholders approve, stock swap will produce new, diversified industrial company to be called Amerace Corp...
RUBBER PATENT SUIT is being pressed by Government to get B.F. Goodrich Co.'s secret formula for new Ameripol SN synthetic rubber, which is almost same as natural rubber. U.S. says it gave Goodrich more than $1.5 million for synthetic rubber research on condition that discoveries be revealed to all rubber makers. Goodrich claims process was discovered privately by Goodrich-Gulf Chemicals, Inc., in which Goodrich and Gulf Oil Corp. hold 50-50 interest...
...fight to control Fairbanks, Morse & Co., Raider Leopold Silberstein ran up the white flag. He seemed to have little choice, even though he claimed to have bought enough stock (50.4%) to control the company. The trouble was that he had overextended himself to do so. He had tied up nearly 30% of the assets of his Penn-Texas Corp. in Fairbanks, Morse stock, and still owed $12 million, much of it payable in the next few months. So Fairbanks, Morse President Robert H. Morse Jr. played a delaying game. He won a court injunction barring Silberstein from voting his stock...
...chief executive. Silberstein, who last year voted four of his men on the eleven-man Fairbanks, Morse board, won only one more. Bob Morse will also have five directors, and the board will have an impartial member, Chicago Investment Banker J. Douglas Casey, president of A. C. Allyn & Co...