Word: corp
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Dates: during 1960-1969
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...hombre with the hat was the Wheeling Steel Corp., the industry's tenth biggest producer, which was the first to announce price hikes in several categories of steel (TIME, April 19). One year earlier, the steel industry's ill-timed effort to raise prices had drawn a furious fusillade from the New Frontier. But this time there was only a mild murmur of protest from Washington and Palm Beach...
...major automakers have shared in the overall 10% sales rise from last year's strong first quarter. Ford was up 1 % despite some competitive shortfalls in styling; American Motors advanced 5% to a first-quarter record, General Motors 10% to hit a record also, and Chrysler Corp. an amazing 45%. The only dangerously troubled manufacturer is little Studebaker, whose sales of 18,067 cars in the first quarter were down 12.9% from last year's slow rate...
Despite the rapid conquest of the air by jets, the world's airlines still need a small jetliner that can fly short hops profitably and operate from relatively short runways. To fill this need, British Aircraft Corp. developed the sleek BAC One-Eleven. Last week, after a year of indecision about its plans, Douglas Aircraft-whose DC-3 was the classic pre-jet short-range plane-announced that it will challenge the BAC ship with a new jetliner called...
When he was kicked out of Manhattan's Alleghany Corp. two years ago in the most celebrated proxy war in U.S. business, New Jersey Financier Allan P. Kirby, 70, vowed that he would return. Last week it was clear that Kirby was on his way to regaining control of Alleghany, a holding company that controls not only the giant New York Central but Minneapolis' Investors Diversified Services, the nation's largest mutual fund complex (assets: $4.1 billion). For John Murchison, 41, and his brother Clint Jr., 39, the Texas wheeler-dealers who unseated Kirby, Alleghany and Kirby...
Like most major Latin American companies, SIAM (whose initials, in Spanish, stand for American Industrial Machinery Corp.) is not an innovator but an imitator. Under various license deals, it produces Westinghouse refrigerators and air conditioners, Hoover washing machines, British Motor Corp. Riley cars, Italian Lambretta scooters, Swedish Electrolux floor polishers and a multitude of other hard goods for Argentina, which boasts the broadest middle-class market in Latin America. Says Chairman Guy Clutterbuck, 55: "Conditions in Argentina make it difficult to carry out long and costly experimental programs. After all, Europe and the U.S. have much more technical know...