Word: corp
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Dates: during 1960-1969
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Stetson Securities Corp. Fairfield, Conn...
More reasonable and less wasteful is the contract between California's Kaiser Steel Corp. and the United Steelworkers. Under it, any worker displaced by automation goes into an employment "reserve," receives his average wage of the past while being retrained and waiting for reassignment. Kaiser also offers vacation time based on productivity gains. Variations of the Kaiser-Steelworkers' arrangement are being tried out elsewhere with success. The Electrical Workers, for instance, are organizing training courses to teach members to work in atomic energy and other advanced fields. But organized labor as a whole has hardly begun to face...
...incoming Air Force Secretary Harold Brown last week inherited a problem that has caused the Air Force considerable embarrassment. One of Brown's first tasks was to meet with outgoing Secretary Eugene M. Zuckert and 13 distinguished businessmen and educators-trustees all of the embattled Aerospace Corp. Subject: how to mend the firm's badly shredded reputation. Five years ago, convinced that no private corporation could capably handle the overall systems engineering and technical direction of its missile-development program, the Air Force set up California-based Aerospace as a Government-financed, nonprofit corporation. Some of the things...
...reach deep under the sea as well as far into space, Bendix four months ago bought Pasadena's $16 million United Geophysical Corp., a firm that searches the ocean floor for petroleum and minerals. Through its automotive division, the company already sells $154 million worth of brakes, carburetors, pumps and power steering systems. By acquiring Besly-Welles, it will also be able to start selling the drills, grinders and metal-cutting tools used in making auto parts. Even now it is going a logical step further and negotiating to buy some of the smaller manufacturers that supply spare parts...
...thirds of them have already been settled, almost all of them out of court. Last week a federal judge in Manhattan handed down the second largest court judgment against the electrical companies since the Great Conspiracy was uncovered. He ordered the General Electric Co. and the Westinghouse Electric Corp. to pay $16.8 million in damages to the Ohio Valley Electric Corp. and its subsidiary, Indiana-Kentucky Electric Corp., for overcharging on eleven steam-turbine generators that the two Midwest utilities purchased...