Word: co
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Dates: during 1950-1959
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SALTWATER CONVERSION plant will be built near Houston, Texas by Government to convert more than a million gallons of sea water daily into scarce fresh water for city and Dow Chemical Co. Plant will be finished by early 1961 at cost of $1.5 million, is first of five to be authorized (total cost: $10 million) in the search for economic methods of conversion...
...increased production and cost-cutting automation. Last week Goodyear Tire & Rubber announced an "anti-inflation" cut of 5% to 15% in prices of replacement tires. Norge reduced its washer and dryer tags as much as 10%. The Federal Communications Commission chimed in, ordered a reluctant American Telephone & Telegraph Co. to reduce long-distance telephone rates (for calls of more than 300 miles) by $50 million. In heavy industry-where cuts trickle down eventually to the consumer-General Electric lopped 5% to 20% off the prices of some transformers. Following the lead of G.E. and Westinghouse, Allis-Chalmers Co. cut deeply...
...autos, bounding back from the red ink of 1958, Ford Motor Co. led the march far into the black. Chairman Ernest Breech reported that Ford's second-quarter earnings of $2.76 a share (Ford lost money in the same quarter last year) were the highest for any quarter in the company's history, lifted Ford's half-year earnings 1,676% over last year, to a record $5.22 a share. Though Ford's second-quarter sales were only $3.7 million higher than the first quarter, its profits rose $16.3 million, demonstrating what automen have long known...
CONTINENTAL CAN Co. Half-year sales jumped to $535 million from $499 million, upping earnings to $1.54 a share from $1.44-despite a price cut in metal cans to meet competition...
...world's major passenger carriers before World War II; its queenly Europa and Bremen IV competed with British and French ships on equal terms. But the war cost the line 99.5% of its tonnage. The task of reconstruction fell to brisk Director Richard Bertram, 55, and pfennig-pinching Co-Director Johannes Kulen-kampff, fiftyish, who personally picks through the company's discarded files to salvage used paper clips...