Word: co
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Dates: during 1960-1969
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...describing the aggressive diversification program of INA Corp., the general business corporation formed by the Insurance Co. of North America, you mention that INA acquired World Airways, the supplemental airline. It is true that INA did announce negotiations with World Airways for this purpose on Oct. 9, 1968, but on Jan. 31, 1969, INA and World made a joint announcement that the negotiations had been terminated...
...mammoth ice-breaking tanker S.S. Manhattan on its voyage through the Northwest Passage to Alaska. It must have been a salty yarn, too, because a monitoring station in Iowa picked up some unprintable language-which, of course, is against FCC regulations. Upshot of it all: the Humble Oil & Refining Co., the ship's owner, banned all voice transmissions, not only for Mrs. Bentley but for every reporter on the trip. "I just used a common Anglo-Saxon expletive," she was quoted as saying, "to express my impatience with a rewrite...
This grim possibility could be avoided. Some of the oil companies, even before leasing their rights, went to costly lengths to respect the land. Instead of using trucks to transport equipment, for example, Atlantic Richfield Co. lifted rigs over the fragile country with giant Sikorsky Skycrane helicopters. For its part, the Federal Government says it will enforce water-quality standards in the area. Because it owns vast amounts of the North Slope as yet unopened to oil exploration, the Government is in a position to insist upon whatever guidelines it can devise to control development and minimize damage...
Steam Screen. The great Alaska oil rush has been building momentum ever since January 1968, when an Atlantic Richfield Co. drilling crew struck pay dirt 8,700 feet below the tundra at Prudhoe Bay, on the Arctic Coast. Since then, 22 drilling rigs have been brought in, and their crews have sought to duplicate that feat, often working in minus 65° weather and braving 100-m.p.h. winds. The land that they explored was open range until last week's sale of leases, and maintaining secrecy was as important as keeping warm. Companies hired helicopters to spy on competitors...
...three businessmen bought a big milling plant from the Pillsbury Co. for $550,000, and the deserted 98-ft.-high silos, which once stored a million bushels of wheat, were part of the deal. At first they seemed a problem. "We thought of uses for all the buildings but-the silos," recalls Joseph D. Travis Jr., 48, "and we knew they would be expensive to pull down." Then Travis, remembering reports of California's flourishing singles colonies, suggested to his partners, William C. Erwin Jr. and James E. Kavanaugh, that they could turn the silos into apartments...