Word: corp
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Dates: during 1960-1969
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...less a lot of key figures than Top Spy Ivan Serov and Missile Boss Sergei Varentsov to spot what was most valuable in the Soviet military treasure chest. Penkovsky's equivalent in U.S. circles, say his U.S. editors, would have been "a vice president of the Rand Corp., a graduate of West Point and the Military War College, a close friend of the general in charge of SAC, secretly a division head in the Central Intelligence Agency, with important contacts in the Pentagon...
...steady wage earner with a $6,092-a-year income. He is also in debt (to the tune of $513) and pressed by his creditors. He is a typical customer who has come to solve his problems -at least for the moment - by borrowing from the Household Finance Corp., the oldest and largest of the nation's thriv- ing small-loan companies...
...their fields. In the past four years it has bought up two retail subsidiaries that sell hardware, paint and kitchen equipment through 978 franchised and 72 company-owned stores. Last week Household moved into merchandising on a major scale. It arranged a stock-swap deal to acquire City Products Corp., an Illinois conglomerate that controls 3,020 retail outlets through its Ben Franklin and T.G. & Y. variety stores, its Barker Bros, furniture chain and a food-chain supply house...
...computer has become a main stay of big business in the U.S., but most small and medium-sized companies still find it too expensive for normal use. Last week two of the biggest com puter makers, General Electric and Control Data Corp., introduced new systems that will offer the small business man the same computer advantages as the biggest corporation. Their move to what is called "time sharing" is part of a growing trend to market the com puter's abilities much as a utility sells light...
Died. Nicholas Kelley, 80, longtime (1937-57) director and general counsel of Chrysler Corp. and senior partner of Kelley, Drye, the Manhattan law firm whose 1960 probe of conflict-of-interest charges involving Chrysler executives toppled President William C. Newberg (his holdings in companies supplying the automaker earned him more than $450,000) and touched off an avalanche of stockholder suits that forced the resignation of flamboyant Board Chairman Lester Lum ("Tex") Colbert; of a stroke; in Teaneck...