Word: computerize
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Dates: during 1960-1969
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As one of the nation's biggest finance companies, Baltimore's Commercial Credit Co. (assets: $3.3 billion) generates the kind of cash flow that businessmen dream about. That, together with the fact that its management owns less than 1% of the company's stock, has made it...
In urging stockholders to reject Loew's bid, Commercial Credit argued that the theater-and-hotel operator, besides being a far smaller company, was in fields incompatible with its own. By contrast, said Commercial Credit Chairman L. S. Willard Jr., a merger with Control Data would be a "natural...
Some authorities have suggested that every firearm sold be "fingerprinted" in advance by test-firing to determine its ballistic pattern. In the age of the computer, such distinctive patterns could be kept on file without too much difficulty. With gun owners carrying a license and a registration card for every...
Last month the N.Y.S.E. belatedly began a computer-run Central Certificate Service, which will do away with the physical transfer of stock certificates held in brokers' names. These account for 75% of Big Board trading, but it will be next year before all N.Y.S.E. stocks are in the computer...
One of the most interesting changes was right near the top, where the relative positions of the really big firms seldom alter. General Motors was still the biggest industrial corporation in the U.S., as well as in the world, with 1967 sales of $20 billion and net earnings of $1.6...