Word: corp
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Dates: during 1960-1969
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TRANSITRON ELECTRONIC CORP. (Wakefield, Mass.)--all degree levels in EE, physics, engin. physics and metallurgy--for design, R&D and sales engin. position. Seniors sign up at 54 Dunster St., grads at Pierce...
...five short years the Jim Walter Corp. has climbed into the No. 2 spot among the nation's builders of homes finished or unfinished (trailing only National Homes), built and sold nearly 14,000 in its last fiscal year. More remarkably, since shell homes do not qualify for FHA or veterans' mortgages, the Jim Walter Corp. financed and insured most of its house sales itself, often with no money down, only the pledge of the land (which the buyer must own outright) against default. The company's assets have grown from...
...also looked like a good business, and he borrowed some more to go into partnership with the builder, O. L. Davenport. In 1948 he bought out Davenport for $49,000 and struck out on his own, finally in 1955 was big enough to form the Jim Walter Corp...
Since the 90% of Jim Walter Corp. house buyers who finance the purchase through the company pay as much as 12% interest on four-or six-year terms, Walter last year grossed more than $5,000,000 in interest payments, some $1,600,000 more than the firm paid out for its own interest and bank charges. Beyond this, there is the profit of the subsidiary company that insures the shell homes against fire and theft. Adding it all up, Jim Walter has made an estimated $9,000,000 in shell housing...
Silent Mower. An electric lawnmower for near-soundless yard cutting on suburban Sunday mornings is being turned out by Pennsylvania's West Point Products Corp. It starts at the push of a button, is powered by a twelve-volt car battery, can be recharged in 48 hours by simply plugging into a house circuit. Price for a three-speed, self-propelled, 21-in-reel mower: $190. For a rotary, manual-push model...