Word: corp
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Dates: during 1960-1969
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Playing on these suspicions, Keating charged that Kennedy, while Attorney General, had made a "deal" to sell off part of the Government-held General Aniline & Film Corp.'s assets to a Swiss holding company that was once run by Germany's I. G. Farben, a notorious exploiter of Jewish slave labor. Keating had proposed selling the assets-some $200 million worth-exclusively to private U.S. interests, but made no protest when the deal was announced...
...expand their holdings into common stocks. The bond houses that had been serving them gradually broadened their services to meet their customers' new needs, thus forming the core of the new market. It is now dominated by seven firms, but the Big Three are Blyth & Co., First Boston Corp. and Weeden & Co., all in Manhattan. Actually, the exchanges and the third market are quite different. While they are public auction places for company shares, it operates through a series of private, negotiating transactions, publishes no price quotations and has no central authority...
...association's prediction: the industry's 1964 sales will rise 9%, to $3.5 billion. Some 6,200 companies now blanket the field, but vending is dominated by eleven major manufacturing or operating companies-and each of the eleven expects higher profits this year. Says Universal Match Corp. President Thomas B. Donahue, whose company is the leading cigarette-and candy-machine supplier: "Vending is more and more a key part of America's mobile image. The industry has never been in better shape...
...headquarters of the Studebaker Corp. is still in South Bend, Ind., but its best-known operation and at least some of its hopes are in Hamilton, Ont., where Studebaker's auto division moved last year after losing $50 million since 1959. Studebaker is more of a mite among mammoths than ever, but its Canadian auto plant is a going concern. Last week, addressing a meeting of Studebaker dealers in Boston, Studebaker of Canada President Gordon Grundy announced that the plant's production is sold out through November, added that 1964 sales were near the break-even point...
Died. Games Slayter, 67, inventor of Fiberglas; of a heart attack; in Columbus. A recently retired vice president of Owens-Corning Fiberglas Corp., Slayter developed a straw-thick glass fiber for air filters in 1931, after seven more years of research came up with the fine, flexible "glass wool" now used for everything from draperies to boat hulls, winning his company more than 130 lucrative patents...