Word: corp
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Dates: during 1960-1969
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...consequence, the Fair Corp. could not pay back its $24 million loan from the city. Instead, New York will have to console itself with the sales taxes on the $750 million worth of business the fair brought to metropolitan restaurants, hotels and shops. Moses further announced that he could pay only 500 on the dollar on $29 million in promissory notes, and that the huge network of playgrounds he had hoped to build in Queens with his surplus profits would have to wait-perhaps forever. The Fair Corp. still had enough left in its coffers to follow through...
Remote control by radio and light waves has come along to operate from afar everything from TV to garage doors. This week Sonus Corp. will add a new tone to remote control. It will start distributing the Sonuswitch, which is activated by sound...
...George Love and Continental Oil Chairman Leonard McCollum had often talked about the desirability of a hookup among the nation's basic and hotly competitive fuels: coal, oil and natural gas. The two men are old pals in business and personal life. Love is also chairman of Chrysler Corp., of which McCollum is a director. They met frequently, a year ago talked business on a Mediterranean cruise aboard the private yacht of Daniel Keith Ludwig, the world's largest shipping operator. Says Love of his plans with McCollum for a merger of coal and oil: "You might...
...Love turned to old friend McCollum, negotiated to sell his coal company to Continental Oil, the nation's eighth-largest oil and natural-gas company, whose products are known to motorists as "Conoco." This prospect appealed to Love partly because he hankers to spend more time managing Chrysler Corp., 7.3% of whose stock is owned by Consolidation Coal. Though Chrysler is well run by its operating chief, President Lynn Townsend, it could use more of Love's financial attention; because its auto sales have been so good, it now needs money to finance a $1 billion, two-year...
...years as chairman and chief executive of the fledgling Communications Satellite Corp., Leo D Welch, 67, supervised two notable accomplishments. On the ground he launched a $200 million stock issue that was snapped up by communications companies and 190,000 space-minded investors; into the air he launched the Early Bird satellite, now relaying sound and pictures from a perch 22,300 miles over the equator. Welch, who had earlier retired as Jersey Standard's chair man, was bothered by a kidney ailment He pressed for a younger successor and last week he had his wish. Taking over...