Word: corp
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Dates: during 1960-1969
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...Fontaine, Chairman, Bendix Corp...
...industrial production all showed a downtrend. Though the nation's factories hummed at 93% of capacity, that rate was no higher than it had been at the start of the year. Lagging demand for steel, the economy's most basic ingredient, last week prompted giant U.S. Steel Corp. to announce plans to close its National Works near Pittsburgh. "Across the board," said Inland Steel Chairman Joseph Block, "the pace of new orders is not up to where we thought it would...
...rapidly growing and robustly competitive business of auto and truck rentals, Avis, Inc., makes much of the fact that it is only a hard-trying No. 2. Obviously, No. 1 is the Hertz Corp., with a rental fleet now totaling 125,000 vehicles. Hertz's familiar yellow signs are out in 98 countries, most recently including Finland, New Guinea and the Dominican Republic. Revenues this year will top $300 million...
...last week Hertz itself agreed to become a No. 2 of a sort. The rental firm's chairman, Leon C. Greenebaum, and Radio Corp. of America's chief executive, Elmer W. Engstrom, jointly announced that after an exchange of stock valued at $185 million, Hertz will become a wholly owned RCA subsidiary...
Courage is as common as caution. Working behind the scenes during World War II, Hambros Chairman Jack Hambro helped harass the German economy through black market operations in Nazi-occupied countries. Sometimes the rewards of courage are handsome. When California's Jergins Corp. was up for sale in 1950, nobody wanted to buy it-nobody but Lehman Brothers, which formed a group that picked up the company for $29 million, renamed it Monterey Oil. Within two years, the Lehman group paid off the full amount by selling some of the company's assets, yet still kept most...