Word: corp
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Dates: during 1960-1969
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Such a formula will still probably be required. The court's decision does not prevent Congress from legislating a copyright fee to protect the broadcasters and producing firms, and some CATV leaders publicly concede that this would be fair. Says Irving B. Kahn, president of TelePrompTer Corp., a cable franchise holder in New York City and Los Angeles: "We're not looking to be freeloaders. We still have an obligation to knock out a sensible and fair solution to the copyright problem." But the Supreme Court has strengthened the CATV bargaining position when negotiations resume. The cable owners...
...McDonnell Douglas Corp...
...General Dynamics Corp...
Some companies try to get out of trouble by diversifying into new fields, but American Motors Corp. has traveled the opposite route. Last year the debt-ridden automaker sold off its profitable credit subsidiary, Redisco Inc., to rival Chrysler Corp. That left the appliance-making Kelvinator division as A.M.C.'s only major operation outside of the automobile business-and A.M.C. ever since has been seeking a buyer for Kelvinator...
Died. James H. Rand Jr., 81, co-founder of Remington Rand Inc. and the merger genius who helped create the giant Sperry Rand Corp.; of cancer; in Freeport, Grand Bahama Island. "Go out and make a living!" Rand Sr., founder of the Rand Ledger Co., brusquely told his business-minded son in 1915. Rand proceeded to turn a borrowed $10,000 into the American Kardex Co., which marketed a filing cabinet he had invented, then in 1925 merged with his father's company, and in 1927 with the Remington Typewriter Co. The final merger, with the Sperry Corp...