Word: corp
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Dates: during 1960-1969
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...Force Base with Alvin White, 47, North American Aviation's chief B70 test pilot, at the controls. After 2 hr. 15 min. of routine tests, the B70 readied for a less serious assignment, a formation flight with four other jet craft whose engines were made by General Electric Corp. Aim of the maneuver: color photographs for G.E., a Madison Avenue routine that routinely wins Pentagon approval...
Lauds Norstad, LL.D., president of Owens-Corning Fiberglas Corp. and former NATO commander...
Disguised Blessing. The scarcity of mortgage money is greatest in Southern California, housing's No. 1 market. Lytton Financial Corp. has fired 70 employees and, like several other big S & Ls in the Los Angeles area, stopped accepting new loan applications. That could prove a blessing in disguise, because the 14-county area suffers from a glut of 80,000 unsold new homes and vacant apartments-a year's supply. As a consequence, while California S & Ls have a manageable 5% of their assets tied up in such money losers as delinquent loans and foreclosed property...
...since they got together on the project in 1962, British and French plane builders have been boasting that their 1,450-m.p.h. Concorde would open the era of supersonic air transport. Now the pitch has changed slightly. Last week, speaking at an aviation-writers convention in Manhattan, British Aircraft Corp. Chief Engineer William Strang scratched a line in his text that touted the Concorde as "the world's first supersonic transport," settled for a declaration that "the Concorde will not fail...
...more American companies, cajoled or clubbed by President Johnson into keeping their money at home, are financing expansion in Europe out of the Eurodollar pool. Says a Zurich banker, "U.S. companies in Europe are soaking up Eurodollars like a sponge." Last week the International Business Machines World Trade Corp., overseas arm of IBM, opened a $35 million line of Eurodollar credit...