Word: corp
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Dates: during 1960-1969
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...AEROSPACE. At recently merged McDonnell Douglas Corp., an after-tax loss of $41 million for Douglas wiped out a $28 million profit for McDonnell. North American Aviation, hit by adverse readjustment of its space contracts, including the Apollo project, following the fatal fire at Cape Kennedy, reported a 59% drop in earnings for the quarter...
Even in this hungry age of corporate mergers, Chairman-President Harold S. Geneen of International Telephone & Telegraph Corp. is remarkable for his appetite. Since 1959, when he took charge of ITT with the intent of making it "one of the most important companies of the next decade," Geneen has swallowed up 44 smaller firms; they stretch across such diverse fields as auto rental (Avis), mutual-fund management (Hamilton), consumer finance (Aetna), book publishing (Bobbs-Merrill) and even airport parking. Though blocked so far by Justice Department antitrust litigation in his most ambitious effort-to acquire American Broadcasting Cos. -Geneen...
...beginning, all cars were roofless carriages that exposed their hardy riders to billowing dust, scorching sunshine and drenching rain. Soon pioneers of the automobile spread a canvas canopy over their heads, and the convertible was born. The Peerless Motor Car Corp. of Cleveland introduced its Cape Folding Top in 1905; the "California top"-a removable steel roof with glazed windows-came along in the '20s to decorate the touring car. For the young at heart, whizzing down a highway in an open convertible became the epitome of driving fun. Plymouth made a big hit with prewar youth by bringing...
...together an empire quite like it. Through subsidiary Kingsberry Homes, Boise Cascade foresees selling 5,000 prefabricated houses this year. In joint ventures with Los Angeles Builder R. A. Watt and Perma-Bilt Enterprises, a San Francisco area housebuilder, another 2,500 dwellings will go up. And Divco-Wayne Corp., which last month agreed to merge with Boise Cascade, does a $100 million-a-year business as one of the world's foremost makers of mobile homes and travel trailers. "We've been trying to get from timber-our starting point-down to the marketplace," says President Robert...
Called the International Commercial Bank, the new institution was formed by London's Westminster Bank, Manhattan's Irving Trust Co., Chicago's First National Bank, the Hong Kong and Shanghai Banking Corp., and Düsseldorf's Commerzbank. As an offspring of the rich (the five banks control resources totaling $18.8 billion), I.C.B. will start life with $8,800,000 capital plus another $16.4 million in loans from its parents. For deposits, it counts on tapping the volatile pool of Eurodollars -U.S. funds held in European hands -which has swelled from nothing to close...