Word: corp
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Dates: during 1960-1969
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...Bank has lost money at it. Last week, tacitly admitting defeat, Chase Manhattan announced that it had arranged to sell off its Chase Manhattan Charge Plan (CMCP) for the value of uncollected customer accounts, now about $9,000,000. The purchaser: New York's newly organized Uni-Serv Corp. Uni-Serv's President Joseph P. Williams, has ideal background for his new job: until 1960 he was a top executive of the solidly profitable, million-member retail charge plan operated by California's Bank of America...
...housebound housewife, trapped in Outer Suburbia without a car and still desperately in need of a bobby pin or a bottle of shampoo, the Shopmobile will soon be rolling to the rescue. Built for the McCrory Corp., which controls a nationwide empire of retail stores including Lerner Stores, Economy Auto Supply and 600 five and tens, this 1962 version of the old country peddler looks like a city bus with show windows, has hip-wide aisles and every available inch of interior wall space festooned with hardware, notions, toilet items, toys. It will also carry a catalogue from which bulkier...
...nation's biggest defense contractor, General Dynamics Corp., last week found a man to succeed Frank Pace Jr., 49, as chairman and chief executive. Burdened by a record $425 million development loss from the commercial Convair 880 and 990 jets (TIME, Jan. 5), the company's powerful executive committee some weeks ago launched a search to put "new blood into top management." Last week Pace resigned. Tapped to replace him as chief executive at a salary of $125,000 was Roger Lewis. 50, now a $71,600-a-year executive vice president of Pan American World Airways...
...million) in another product, Delrin, a remarkably hard and versatile plastic that, since it was introduced in 1960. has begun to replace zinc, aluminum and steel in products ranging from water pumps to auto dashboards and clothespins. The defendant in Du Pont's patent infringement suit is Celanese Corp, of America, which recently began to market a plastic called Celcon (pronounced "Sell-con"). Both are acetal polymers and derive from formaldehyde. Both have a high resistance to chemicals, abrasion and wear, are much lighter than the metals they replace. In looks, a layman could scarcely tell a difference between...
...Unlike the S. and L.s, the banks are financial department stores that offer checking accounts, Christmas clubs and personal loans. In addition, the banks enjoy a popular image of greater strength and solidity-although deposits in S. and L.s are also federally insured (through the Federal Savings & Loan Insurance Corp...