Word: corp
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Dates: during 1960-1969
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...obvious rebuff to Administration recommendations, the House, by a 204-to-177 vote, tacked onto a supplementary appropriations request for the Commodity Credit Corp. a prohibition against further sales of U.S. foodstuffs to Nasser's United Arab Republic. If approved by the Senate, the ban would hold up $37 million worth of food remaining to be shipped under a three-year contract that expires in June. In going against Administration proposals, 128 Republicans were joined by 76 Democrats, 16 of them from the New York City area, where the Arab vote is minuscule but the Jewish vote...
...World's Fair Corp. got started by floating $30 million worth of 6% notes to 400 U.S. companies and banks, later got an advance loan of $24 million from the City of New York to improve the Flushing Meadow fair site. Counting on accumulating in the fair's two years a surplus of more than $53 million from admissions, concessions and leases (after paying its debts, the fair would donate any remainder to education), its officers were disappointed when the first year's surplus proved to be only $12.6 million. Worse yet, the finance committee suspected that...
Moses is collecting $100,000 each year for seven years for his presidency of the World's Fair Corp., and three of his top aides draw between $35,000 and $45,000 annually-salaries reasonable enough for the officers of a large corporation. But Moses allowed the fair staff to burgeon unrealistically, and costs skyrocketed. Moses tacitly admitted the situation last October by slashing the permanent payroll. He promises a "new and brighter show in 1965," says of the present crisis that "we have survived worse weather." Nonetheless, the forecast for the fair in 1965 remains cloudy...
...story building in San Francisco. Demand for plywood has doubled in the past seven years, and this year the $1 billion industry expects to sell a record 13 billion sq. ft. To keep up, the two biggest U.S. plywood companies are launching major expansions. Georgia-Pacific Corp. has just announced plans to build new plants at Crossett, Ark., and Emporia, Va., and U.S. Plywood Corp. has broken ground for a new $3,000,000 mill at Hammond...
...company is ICOMI (for Indústria e Comércio de Minérios), which is owned 51% by Brazilians and 49% by Bethlehem Steel Corp. ICOMI owns the exclusive rights to one of the world's biggest known reserves of manganese ore, discovered in the Amazon Basin in 1946. By careful planning, efficient management and plain luck, it has not only launched a highly successful mining operation but completely avoided the abuse that Brazil's ultranationalists have heaped on other mining firms that have foreign interests...