Word: corp
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Dates: during 1960-1969
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...months ago, Goulart got President Kennedy's general agreement to a plan under which the utilities would be nationalized for fair value. Brazilian Traction agreed. So did American & Foreign Power Co. Inc., whose eleven subsidiaries, worth $250 million, produce 10% of Brazil's power. International Telephone & Telegraph Corp., which recently lost a telephone system to Rio Grande do Sul's Leftist Governor Leonel Brizola and is still trying to collect, was noncommittal. But Goulart's decree last week should do something to ease I.T. & T.'s pain. The government promises a down payment...
...portable refrigerator, which will operate equally well on 1) 12-volt auto or boat batteries, 2) standard no-volt house current, 3) bottled gas. The Escort Mark II refrigerator, made by the Selectra Corp., Buffalo, weighs less than 30 Ibs., takes up little more room than a suitcase, keeps up to 35 Ibs. of food and drink chilled on even the longest trips. Price...
...Once the weekend is over, an enlargement of Sister balancing on Eagle Rock is made easier by the Instant Photo Vendor, introduced by Quik-Chek Electronics and Photo Corp. The customer places his negative (from 35 mm. to size 120 roll-film) under a glass cover, sets the opening of the enlarging lens according to a number indicated by a built-in exposure meter, and puts a coin in the slot. In 15 seconds, out comes a black-and-white glossy blowup, practically dry. Enlargements four times the negative size can be made. Price per picture...
...even good news could arrest the drop. Oxford Paper and Sundstrand Corp. (machine tools) proudly posted dividend increases-and the stock of both companies continued to fall. Crown Cork & Seal trumpeted a 25% rise in secondquarter profits; next day, its stock plunged 3 points...
...highs by the ordinary investor's infatuated belief in capital growth. In the single-minded pursuit of growth, declares David L. Babson of Boston's David L. Babson Management, investors "have been borrowing against the future.' Echoed Economist John Langum of Chicago's Business Research Corp.: "The stock market has for some two to three years been discounting not only the future but the Hereafter as well...