Word: co
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Dates: during 1950-1959
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TRAVELER'S CHECK will cost more this summer. After 34 years of charging 75? per $100, American Express Co. has boosted fee to $1 per $100. First National City Bank and Bank of America have both followed suit, but British-owned Thos. Cook & Son is sticking to old rate...
TEXTILE MERGER will make Dan River Mills one of industry's biggest firms. Dan River plans to acquire, probably by exchange of stock, Iselin-Jefferson Co., majority stockholder in South Carolina's Woodside Mills (1955 sales: $42 million), is also dickering to acquire big Alabama Mills. Deal will double Dan River annual sales to $200 million, put company solidly in synthetic fabrics for first time...
HUGE POWER PLANT will be built on Alabama's Coosa River by Georgia Power Co. and Alabama Power Co., both subsidiaries of South's sprawling Southern Co. To cost $150 million, coal-fueled plant will produce 1,000,000 kw. of power, enough to serve 2,000,000 people in fast-growing area. Two 250,000-kw. units will be completed by 1961, remaining...
...biggest prize the Russians got, said McClellan, was machine tools, a basic requirement for war as well as peacetime production. Ralph Baldenhofer, who was the Business and Defense Services Administration's machine-tool expert in 1955 and is now executive vice president of the Thompson Grinder Co. of Springfield, Ohio, testified that he protested "strongly" against letting the Russians buy such machines, but was repeatedly overruled. Said Toolman Baldenhofer: "It would be much better to give them the planes, even the guided missiles. These things will come back to us once. But the Soviet bloc will be making...
...started on a tour of his empire last week, Board Chairman Harvey S. Firestone Jr. of Firestone Tire & Rubber Co. took a long look ahead at the industry's future. "In ten years," he said, "world rubber consumption will climb 52% to 4,400,000 long tons annually. If demand is to be met, plans to expand must be put into effect now." Firestone did more than talk, he backed it with cash. His company announced plans for a $5,300,000 tire factory and a plantation in the Philippines which, starting in 1957, will roll...