Word: co
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Dates: during 1960-1969
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...solid solution. Short of reverting to the horse and buggy, the obvious answer is to develop a new propulsion system for automobiles that is as efficient as but less noxious than the internal-combustion engine. When the annual auto show opened in Manhattan last week, the Petersen Publishing Co. (Motor Trend, Hot Rod) gave visitors a look at a racy, wedge-shaped car that may signal just such a breakthrough in automotive design. Its source of power: steam...
...Seymour outlined two primary goals when he became president of J. Walter Thompson Co. five years ago. A onetime radio announcer, Seymour emphasized that he intended to safeguard those factors-particularly talent-that have helped 105-year-old J.W.T. become the world's biggest advertising agency. He would also strive, he said, to acquire new "tools" and people to enable it to grow still further...
Insurance companies have entered building to loosen their historic ties to a fixed return on investment; the old policy has lost appeal because of inflation. Last month, Chicago-based C.N.A. Financial Corp., a major insurance combine, agreed to acquire Los Angeles' Larwin Co., the nation's largest privately owned home-building concern (1968 sales: $50 million). The price: $100 million in C.N.A. stock. Prudential Insurance recently bought a half interest in southern California's Westlake Village, a new town being built by Shipping Magnate Daniel Ludwig...
...Last year, spurred by acquisitions, Clubman's revenues leaped from $1,100,000 to $37 million, while profits reached $1,300,000. On the London market, its shares rose by 358% last year, making Clubman's Britain's second fastest growth stock (after Bolton Textile Mill Co., a firm that manufactures paper underpants). The joint holdings of Whitfield and Tanner stand close to $12 million...
...Goodrich Co., fighting a takeover by Northwest Industries, increased its 1968 profit from $2.76 per share to $3.25 through two maneuvers. The company shifted to straight-line depreciation and changed its method of tabulating earnings. Higher profits, of course, would tend to lift the price of Goodrich's stock -making it more difficult for Northwest to buy control...