Word: coppers
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Fluor Corp. paid $2.7 billion to acquire St. Joe Minerals. The Kennecott copper company fought off a takeover attempt by Curtiss-Wright Corp. this year, only to be swallowed by Standard Oil Co. of Ohio. The oil companies are both the hunters, because their coffers are overflowing with petroprofits, and the hunted, because of the value of their deposits still in the ground...
...raised by kindly Widow Tweed, whose farm occupies a patch of rural terrain somewhere in the American midcentury. Down the road a pace is the shack of Amos Slade, a grizzled old hunter who keeps a grizzled old hound dog named Chief and a cheerful hound pup, Copper...
...loose in a candy store. In March, Standard Oil of California made the largest takeover bid on record: $3.9 billion for 80% of the stock of Amax Inc., a diversified mining concern. A few weeks later, Standard Oil Co. of Ohio swallowed Kennecott Corp., the nation's largest copper producer, by offering stockholders a total of $1.9 billion for their shares...
...chairman has yet been formally appointed, but James Miller is a likely choice. Even before the new chairman arrives, policy is shifting. Last week the commission announced that it would not oppose Standard Oil of Ohio's takeover of Kennecott Corp., the nation's largest copper producer. A year ago, the FTC would probably have fought that acquisition...
...proposed overhaul of the whole library, Handlin and Yen-Tsai Feng, librarian of Harvard College, continue to plan but with a new way of thinking about renovations: "If money turned up, what would we do first," When an anonymous donation came through, there was no question that a new copper roof should replace the leaky, old one which threatened to damage Widener's priceless collections...