Word: corp
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Dates: during 1960-1969
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...being honed by newer machinery and by the success of regional trading arrangements, such as Europe's Common Market (see THE WORLD). Competition from European producers forced Canadian aluminum makers to cut their prices, and that, in turn, led to last fortnight's reductions by Aluminum Corp. of America and last week's cuts by Reynolds Metals Co. Besides being contagious from country to country, price reductions also spread from industry to industry inside the U.S. Prime example: the aluminum cuts put fresh pressure on steelmen to hold their own price line, because aluminum vies with steel...
...fictional skies over the Atlantic with swift craft propelled by a vaguely described "Fleury's Ray." Present-day jetliners are already three times as fast as Kipling's night flyers, but his imaginative planes may soon have ray-driven descendants in space. Last week Republic Aviation Corp. demonstrated a "plasma pinch'' space engine that uses magnetic force to spit out a fierce blue flash of electrified particles- a 20th century version of Fleury...
Defying the economic laws of gravity, prices are falling while the economy as a whole is rising. Last week U.S. producers posted price cuts in industries ranging from autos to nonferrous metals, scrap to gasoline (see following story). Chrysler Corp.'s low-and middle-priced 19625 bowed with reductions averaging 2%; Chevy, Falcon, Rambler and other major models also rolled in with lower tags. The Labor Department's Consumer Price Index, which has risen barely 2½% in the past two years, showed its usual slight August decline (to 128% of the 1947-49 average) as harvest fruits...
...Seized by the U.S. Government as German property during World War II, General Aniline & Film Corp. (chemicals, dyes, Ansco Film) has handicaps few U.S. corporations can match: its ownership has been the subject of a 13-year legal battle between the Government and a Swiss holding company, and its board changes hands each time the White House does. Result: profits ($7.2 million last year) are way off the chemical industry's pace. To remedy this, Aniline's new, Kennedy-appointed board last week chose as chairman and chief executive officer U.S. Industries Chairman John I Snyder...
While many businessmen groan about "profitless prosperity," one manufacturer of everything from manure spreaders to nose cones has reversed the trend: profits are rising despite slipping sales at New York's Avco Corp. Last week Chairman Kendrick R. Wilson, 48, a onetime Wall Streeter told a luncheon of securities analysts that Avco's earnings for the first nine months of its fiscal year jumped 20% to $8,800,000, though sales slumped 3% to $234 million. As soon as Wilson sat down, his good friend, President James R. Kerr, 44, got up and explained how Avco turned...