Word: corp
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Dates: during 1960-1969
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...time being, however, that remained nothing more than a hope. Within hours after the President's press conference, Republic Steel Corp., the industry's third-biggest company after U.S. Steel and Bethlehem, announced price increases on "principal" steel products of 4.5%. Armco Steel Corp. and Inland followed with broad-based price hikes of their own, and U.S. Steel extended its original increases to several other lines. National Steel Corp. and Youngstown Sheet & Tube Co. weighed in with selective price boosts. Bethlehem, meanwhile, showed no signs of budging. "In our opinion," said Chairman Edmund F. Martin, "our price increase...
...overstaffed, 95-year-old company with outlets in 18 Eastern states but with a sleepy attitude and outdated refinery equipment. Anderson shook off the sleep, cut back on staff, ordered a $100 million modernization program. Then, on a fishing trip with Chairman Charles S. Jones of Richfield Oil Corp., he worked out a merger that linked Atlantic with the Los Angeles company. The agreement between the two was a scant five pages long to cover a $1.2 billion organization with worldwide holdings...
Once the world's largest talent agency and more recently Hollywood's leading TV film producer, the Music Corp. of America has long been known in show-business circles as "The Octopus." The sobriquet still stands, even though the company (now called MCA Inc.) stopped handling talent in 1962 under threat of a Justice Department antitrust suit. Besides TV production, MCA has major interests in moviemaking (Universal Pictures), recording (Decca Records) and real estate (Universal City). Last week it agreed to link tentacles with Pittsburgh-based Westinghouse Electric Corp., itself no small fish when it comes to diversification...
...General Motors, first of the Big Three in annual sales, ranked last in terms of profits gained. Whereas Chrysler Corp. reported a 75% jump, G.M. managed only a 4% gain. Ford Motor Co.'s net went up 28% ($187 million v. $146 million) on improved sales...
...Zenith Radio Corp. reported tripled second-quarter earnings on sales that exceeded the previous year's by 40%. Net income rose to $6.3 million from $2.3 million on sales that soared from $111.4 million to $155.5 million. Chairman Joseph S. Wright and President Sam Kaplan said that the gain was due to improved sales in both color and black-and-white television, stereos, portable phonographs and radios...