Word: corp
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Dates: during 1960-1969
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...finds displeasing in modern society and political life, the ultra sees evidence of Communist plots and subversion. With a dogmatic either-or attitude, he broaches no disagreement. "You're either for us or against us," says James E. Gibson, senior vice president of California's Leach Corp., which makes electronic components. "There's no room in the middle any more." And the ultra, dissatisfied with the current political order, usually works outside normal political channels and, indeed, frequently accuses both of the two major U.S. political parties of being prone to Communist influence...
...workers are the steadily mounting investments of foreign companies in the U.S. Long-term foreign investments in U.S. plants and real estate have doubled since 1950, now total $6.9 billion. The Italian balm supplied by Olivetti has eased the pains of the U.S.'s typewriter-making Underwood Corp., and other European giants such as France's glassmaking Saint-Gobain and Germany's chemical-making Bayer have opened U.S. branches with U.S. partners. One British real estate syndicate-Boston British Properties, Inc.-even intends to rejuvenate downtown Boston, has bought a tract near the scene of the Boston...
Responding to pleas from commercial banks, the Federal Reserve Board and Federal Deposit Insurance Corp. last week authorized their 13,100 member banks to increase their interest rate from 3% to 4% on savings and time deposits left for at least a year. The step was chiefly intended to help the commercial banks compete more successfully with mutual savings banks, whose rates run as high as 3¾%. and with savings and loan associations, whose rates run up to 4½%. A secondary purpose: to help the banks hold foreign deposits that might otherwise flee to higher interest havens abroad...
Last week, on the heels of a desperate declaration by Northeast that it might have to suspend service within days for lack of fuel money, Hughes proposed that Atlas Corp. sell him its controlling interest in the airline. The CAB has never made any secret of its distaste for Hughes, and to invite him back into the airline business would be humiliating indeed. But since no one else seemed prepared to bail Northeast out, to rebuff Hughes would very likely mean that Northeast would become the second major U.S. airline (the first: Capital) to disappear within a year...
...When he was named chairman of Allied Chemical Corp. (1960 sales: $766 million) two years ago, Harvardman Kerby H. Fisk, 58, had spent most of his career in the Prudential Insurance Co., knew little about chemicals. But Allied's board decided that the cool, analytical Fisk was the man to put some snap back into their company which for a decade had been falling behind Dow and Monsanto. Last week Fisk announced plans to swap $350 million in Allied stock to acquire Union Texas Natural Gas Corp., a major oil and gas producer whose output will guarantee Allied...