Word: co
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Dates: during 1950-1959
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...another consent decree last week, General Shoe Corp., second largest U.S. shoemaker in sales (after International Shoe Co.), bowed to Government charges that purchase of 18 other shoe concerns tended to create a monopoly. It promised that until Feb. 16, 1961 it would seek prior Government approval for further expansions and mergers, and buy 20% of its retail requirements from competitors. The company also agreed to sell its stock in competing concerns within the next two years...
...Marshall S. Lachner. 41, was named president of the Pabst Brewing Co. to replace Harris Perlstein, who will continue as chairman. Born in Illinois and educated at Northwestern and Wharton School of Finance, Methodist Elder Lachner knows little about beer. But he is an old hand at selling, was with Colgate-Palmolive for 16 years, where he ended up as vice president of the keenly competitive soap division. Chief reason for the change at Pabst: it slipped from third to fourth place, behind Schlitz, Anheuser-Busch, Ballantine...
...engineer, born and educated in Alabama, McFarlin managed coal mines in Tennessee, became president of Tennessee Products & Chemical Corp., which merged with Wolfson's Merritt-Chapman & Scott. His predecessor, E. W. Endter. who got the job after resigning the $50,000-a-year presidency of the California Oil Co. to help Wolfson battle for Montgomery Ward, quit Devoe & Raynolds to return to the oil business...
...Upjohn Co., which is making one of the drugs under the name Orinase, circularized 200,000 U.S. doctors with a double warning: 1) it is too early to be sure how effective the pills will be; 2) they are not yet available for general prescription. But President E. Gifford Upjohn (an M.D. himself) suggested that "a breakthrough may have occurred." Western Reserve University's Dr. Max Miller hailed the drugs* "the most significant development in diabetes since Banting and Best discovered insulin...
...Orinase was originally known as 0-2043. Eli Lilly & Co. is working on BZ-55, not yet commercially named...