Word: corp
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Dates: during 1960-1969
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Because the economy is so finely balanced, the Administration has been keeping an especially sharp eye out for any price hike that might signal-or set off-a trend toward inflation. Last week Bethlehem Steel Corp., the nation's second biggest steel producer (after U.S. Steel), increased by $5 a ton (to $119) the price of its steel structural shapes and piling. The price hike covered only 5% of all Bethlehem's production, was for a specialty steel that is used mostly in construction and does not appear in such consumer goods as autos and refrigerators...
...drug companies making the pill, the most spectacular is a small firm that is both very profitable and much misunderstood: Syntex Corp. Syntex's common stock, which is being split two-for-one this week, is the most heavily traded issue on the American Stock Exchange, in 1965 rose in price more than any other stock on the exchange (from 64⅜ to 219⅝). Syntex is incorporated in Panama, operates largely in Mexico and sells mostly in the U.S. It is a leader in the field of steroid hormones, which includes the birth-control pills...
Died. Andrew Wells Robertson, 85, chairman and chief executive of Westinghouse Electric Corp. from 1929 to 1945, a Pittsburgh lawyer who guided the firm through the Depression into the spectacular growth years of World War II, tripling its sales with new consumer appliances (dishwashers, electric ranges), the first industrial atom smasher (the 1937 Van de Graaff generator) and a vast array of defense equipment; of a stroke; in Pittsburgh...
Clorox v. Purex. The FTC case arose from P. &G.'s acquisition in 1957 of Clorox Chemical Co., which held 49% of the market for liquid household bleaches. Second-place Purex Corp., which had 16% of the market, had managed by heavy promotion to boost its share in several areas, including the Erie, Pa., market, where it had captured 33%. Clorox, now backed by P. & G.'s marketing know-how and money, did not let the gains go unchallenged. It blanketed the areas with ads, offered $1 ironing-board covers for 50? and cut the price of Clorox...
...Union Pacific's trains from Chicago to the West Coast still maintain a tradition of comfort and good service that continues to attract passengers. The Burlington, whose California and Denver Zephyrs used to carry peak loads only in summer, will spend $350,000 this winter jointly with Hertz Corp. to promote Colorado skiing. It has already been so successful that ski-season reservations on its trains must often be made months in advance...