Word: corp
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Dates: during 1960-1969
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Your well-written, concise account of the Murchisons' sellout of their holdings in AIleghany Corp. (Dec. 21) gives as the reason that I would "block all their plans to revamp Alleghany...
...with their mother and father, Mr. and Mrs. Walter Baker, at their home in Battle Lake. Minn. Three weeks later they were orphans, when the Bakers' pickup truck flipped over and killed both parents. In Charlotte, N.C.. Donald, an executive at the local plant of the Celanese Corp.. read the newspaper account of the accident and at once knew what to do. His wife quickly agreed. "There is room for them here-in our home and in our hearts." the Meyers told their local priest, and asked him to negotiate with Catholic Charities...
...scenes of pandemonium reminiscent of 1929, the grey, fortresslike New York Stock Exchange shuddered and shook. Glamour stocks such as Brunswick Corp., Fairchild Camera and Xerox, which had been selling on the strength of capital-gains potential rather than current dividends, crashed to half or even a quarter of their 1961 highs. Mighty IBM, which had become more of a cult than a stock, plummeted from 578½ in January to a low of 300 in June. Dropping like a shot goose, the market lost $23 billion in paper values during a single hectic week in late May, and $21 billion...
...bumper-to-bumper year in Detroit. The big increase in auto sales this fall contributed more than anything else to keeping the U.S. prosperous; and one of the big contributors to the increase in auto sales was the long-ailing Chrysler Corp., which in the space of one year did a surprising turnaround. Thanks to the energetic leadership of its new president, Lynn Alfred Townsend, 43, Chrysler in 1962 was the comeback story of U.S. business...
Living evidence of the ease with which South African business has shrugged off the boycott is Tobacco Magnate Anthony Edward Rupert, 46. To stockholders in South Africa's Rembrandt Tobacco Corp., Rupert last week reported record profits of $4,500,000 for the business year ended last June. Abroad, Rupert's empire is flourishing on an even grander scale. Rembrandt included, his growing chain of tobacco companies, which now stretches from Ireland to Malaya, last year turned a pre-tax profit of $23.8 million on $560 million in sales. Though his business is barely 20 years old, Anthony...