Word: contractive
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Dates: during 1950-1959
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ROCKET ENGINE of 1.5 million Ibs. thrust, enough to send big payload to the moon, will be built by North American Aviation's Rocketdyne Division. Under new Army contract, company will put together a cluster of eight engines, using Thor and Jupiter components. Engine will be ready for tests by late 1959. Rocketdyne also won recent Air Force contract for 1,000,000-lb.-thrust engine (TIME...
...great surprise, the United Auto Workers announced that its first strike target will be Ford. The U.A.W. set the deadline for this week, unless a new contract is signed. Ford said it was actually relieved that the showdown was set, promised to sign only the kind of contract that would be fair to its stockholders and customers as well as its workers, "whether it comes before or after the deadline." At week's end Ford said that it would make a new offer to the union...
...Tricks. Both American Express and Diners' furiously scouted out and signed up new services. American Express won a hand by signing Manhattan's Toots Shor restaurant, long a credit-card holdout. Diners' bounced right back by announcing a contract with the Stork Club, another holdout. American Express then scored by adding a galaxy of nonrestaurant services: Western Union, Greyhound Bus, Avis and Hertz car rentals, Kinney Parking Systems, Kelly Girls for temporary office help. Amexco spread the word that in any of its 303 international offices, a cardholder could charge a ticket or tour to any spot...
Goren goofed in permitting the opposition to steal a game contract. A six-club sacrifice would only cost 300 or 500 set against the minus 650 which Goren incurred...
...worry in Detroit was still the threat of an auto strike. United Auto Workers President Walter Reuther promised to set the date this week for a strike, unless the Big Three fatten their six-month-old offer of a two-year contract extension. At week's end Reuther himself rejoined the contract talks for the first time since June 1, and both sides appeared optimistic. But wildcat strikes also continued to spread. Some 27,000 workers had walked off the job, by far the largest number since auto industry contracts expired 14 weeks...