Word: co
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Dates: during 1950-1959
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...paper and packaging industry, which had been booming along, showed the toll of lessened demand. Both sales and earnings drops were reported by St. Regis Paper Co. and Union Bag-Camp Paper Corp.; profits were also down for Crown Zellerbach Corp. (66? a share v. 1956's 86?), Scott Paper Co. (66? v. 72?) and Allied Paper Corp. (90? v. $2.30). High costs of labor and materials hurt Crane Co., Borg-Warner Corp., Carborundum Co., and Owens-Corning Fiberglas Corp...
...line of attack. He asked the Administration to consider imposing a tariff on oil imports, to offset "the threat to our national security" resulting from the loss of tax revenues from overseas oil operations. What Senator O'Mahoney meant in particular was the Arabian American Oil Co.'s tax arrangement with Saudi Arabia, through which Aramco last year avoided paying a penny of corporate income tax to the U.S. Treasury...
BIGGEST NATURAL-GAS SALE in U.S. history is stirring up hot price battle. FPC tentatively okayed 20-year contract linking Tennessee Gas Transmission Co. system with huge underwater field (estimated reserves: 1.7 trillion cu. ft.) off Louisiana. But company's customers are howling because Tennessee Gas agreed to pay record price of 22.4? per 1,000 cu. ft., considerably above average rates, and gas users fear it will touch off rise in prices...
...more U.S. capital that goes abroad, the better are chances for easing the U.S. foreign-aid load. For U.S. business itself, expansion abroad is simply business foresight. Says William Blackie, executive vice president of Caterpillar Tractor Co. "The whole world is starting to consume at an accelerated clip. Americans have to face the possibility of being shut out of foreign markets unless they build plants overseas...
...high-grade, low-cost ores made everyone richer every day in every way. Today the situation is almost exactly reversed. As against cheaper foreign production of richer ores. U.S. veins are becoming poorer while labor costs have soared to an average $18 a day. Last week, when Eagle-Picher Co. closed its zinc operations in Oklahoma and neighboring states, domestic miners chalked up another example of their deepening trouble. Other trouble spots...