Word: corp
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Dates: during 1960-1969
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...biggest attraction the U.S. has for overseas companies is its highly developed market for sophisticated products; often foreigners buy into a U.S. company to get an established trade name and marketing network. One of the main advantages that Italy's Olivetti gained from buying the money-losing Underwood Corp. was its office-machine sales organization. Hopes of spreading its fertilizer on U.S. suburbia's broad lawns led Britain's Fisons Ltd. to buy an 80% control of Doggett-Pfeil Co., a New Jersey garden-supply producer. France's largest electronics firm, Compagnie...
...Kennedy is expected to ask Congress for an appropriation to get the whole thing started. Congress, already balky about the high cost of getting to the moon, must be convinced on similar grounds that national prestige is involved. The sums are so big that, in the words of Northrop Corp.'s Chairman Tom Jones, "there has to be a purpose other than free enterprise." Three months ago, Federal Aviation Administrator Najeeb Halaby visited the plants of the Anglo-French consortium-British Aircraft Corp. and Sud-Aviation-and was shocked to see how far along the British and French were...
...which controls 1.500 Lerner, H. L. Green, National Shirt, McLellan and other stores; it also makes printing plates and plastic signs and sells citrus fruits. Chucking & Muscling. Muscat, Krock and Huffines got together in 1957 through a mutual interest in rehabilitating a sick New Jersey company called Reinsurance Investment Corp. With the help of their own private fortunes, they then began to build their industrial pyramid, swapping the cash or shares of one company to win control over others or using shares as collateral for loans to buy other companies. As they got control of each company, they quickly closed...
...pool became too small to contain his world. They make an unlikely trio, but together they have set out to be corporate conquerors in the style of Louis Wolfson and the late Robert Young. Last week the trio completed a major coup by taking control of ailing Lionel Corp. from Attorney Roy Cohn, bumping him down to chairman of the executive committee. That coup expands the assets of their growing empire to $140 million...
Chauvinism undoubtedly played its part in the choice, particularly on the part of French bankers, but the Machines Bull method has definite advantages over the U.S. system. The U.S. method, which uses machines that are built by General Electric, National Cash Register and Burroughs Corp. as well as by IBM, electronically "reads" the numbers formed by magnetic ink on the check. To conform to the machines' peculiar reading habits, numbers must be printed in distorted characters that the human eye finds hard to read, and a smudged printing job can occasionally trick the machines...