Word: corp
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Dates: during 1960-1969
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Triumphant Symbol. Teddy bears are precisely 67 years old. The name was attached to a new line of stuffed bruins manufactured by the forerunner of the Ideal Toy Corp. and by Germany's Steiff Co. after President Theodore Roosevelt, on an expedition to Mississippi in 1902, refused to shoot a bear cub. Washington Star Cartoonist Clifford Berryman instantly made the cub a symbol for Roosevelt, and the country went for the notion lock, stock, and bear jokes. (If T.R. is President when he is fully dressed, went one knee-slapper, what is he with his clothes off? Answer: Teddy...
...look on inflation as a temporary wartime phenomenon," said Irving Rose, president of Detroit's Advance Mortgage Corp., before a convention of mortgage bankers recently. "I regard it as the inevitable price of our national commitment to a full-employment economy. Hence, it is chronic. The fever may abate somewhat from time to time, but it will never...
...same day as the nickel increase, major U.S. producers of lead lifted their prices by 1/2?per Ib., to 16?, the sixth increase this year. Almost immediately, General Battery Corp. said that automotive and industrial batteries, which contain much lead, would go up. 5%. The higher lead prices reflect greater world demand for the metal and a paucity of new supplies...
When Roseberg tried to sell the invention to several major corporations, including Fairchild Camera & Instrument Corp., he met only indifference. Reluctantly, he turned again to Zeiger for financial help. They formed "RX COUNT Corp." in Hawthorne, Calif., produced 75 pill counters, and leased them to Los Angeles County drugstores for two years of testing and refining. Roseberg and Zeiger concluded that leasing would be more profitable for them and more convenient for many druggists, who are reluctant to buy new equipment outright...
...major supplier to the auto industry, Collins L. Carter, chairman of Hayes-Albion Corp., which makes castings and parts, has lowered his prediction of output from 8,700,000 vehicles to an even 8,000,000 for the 1970-model years. The auto companies themselves are officially holding to their forecasts, which are generally in line with G.M. President Edward Cole's estimate of 8,500,000 domestic cars. To reach that sales goal, automakers are counting on buyers returning to the showrooms next spring...