Word: corp
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Dates: during 1960-1969
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...screaming roar rolled across the country, knocking birds to the ground and shaking a helicopter that hovered a mile away. The eruption was over in less than two minutes, but its reverberations would shake more than helicopters. This was the first test of United Aircraft Corp.'s big, new solid-fuel rocket engine, and it was completely successful. Partisans of solid fuel will cite it proudly in claiming for solids a bigger role in the U.S. space effort...
...much more easily than engines that burn liquids. Solid fuels, in fact, have been the backbone of U.S. military missile power ever since the success of Polaris and Minuteman. Built for the Air Force, the U.A.C. 120-incher is part of Titan III, which will consist of Martin Marietta Corp.'s liquid-fueled Titan II rocket, already operational, with two of the new solid-fuel boosters to help it into space with 2,000,000 Ibs. of thrust...
Marinas & Uranium. In search of diversification, Socony has in the past year investigated 123 projects, from oil-fired air conditioners to marinas and country clubs. Last week Socony bought nine plants producing paints and industrial coatings from Martin Marietta Corp. Some other companies wander farther afield: Kerr-McGee bought a railroad tie producer, Tidewater a uranium mine in Wyoming and the exploration rights for diamonds in Hottentot Bay, South West Africa. Kern County Land Co., a California oil producer, gets more than half its gross revenues from turning out auto parts...
Spying the same opportunities, other U.S. chains are following Hilton abroad as fast as they can. The second biggest U.S. hotel chain after Hilton, Sheraton Corp., now has seven foreign hostelries; Hotel Corp. of America has five, and Knott Hotels three. But Hilton's biggest U.S. rival overseas is Intercontinental Hotels Corp., a Pan American World Airways subsidiary that has no hotels in the U.S. In the past six years, Intercontinental has added 13 hotels abroad, to bring its total to 19, expects to double that number within four years. Its hotels are generally smaller than Hilton...
...chain, Hilton's unfailing courtesy launched him almost by accident into the international hotel business. When Puerto Rico decided in 1947 that it needed a first-class hotel to help lure U.S. businessmen to set up shop there, Teodoro Moscoso, chief of the Puerto Rico Development Corp. (and now the director of the Alliance for Progress), fired off letters to leading U.S. hotelmen inviting them to come down. Only Hilton answered promptly, with a warm, friendly letter that began by greeting the Spanish-speaking Moscoso as "Mi estimado amigo." After that, Hilton had no difficulty signing a partnership deal...