Word: corp
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Dates: during 1970-1979
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...Senate Subcommittee on Multinational Corporations, headed by Idaho Democrat Frank Church, voted last week to turn over to the Justice Department information about Lockheed Aircraft Corp.'s overseas payoffs, to be forwarded to countries involved in the scandals. The Justice Department itself signed agreements with The Netherlands and Italy providing for an exchange of findings about bribegivers and -takers. They are similar to an agreement signed the previous week with Japan, where Lockheed has admitted payoffs totaling $12.5 million...
...Washington. "Just another working day," said Conductor Carroll Dikeman as he headed home. Well, not quite. Train B-6-along with nearly half of the other trains and 17,000 miles of track in 16 Northeastern and Midwestern states-had just become the property of the Consolidated Rail Corp., a Government-sponsored private company. ConRail's birth marks the largest corporate reorganization ever...
...late Joseph C. Wilson, builder of Xerox Corp., was fond of observing that if his company continued to grow at the meteoric rates of the 1960s, its sales would soon exceed the U.S. gross national product. The implication of that self-evident absurdity: Xerox's growth would have to slow; and it has now come true. Last year the company posted record revenues of $4 billion, but its profits suffered their first decline -a gossamer 1.8% before write-offs, to $342 million-since 1951, when Xerox was a small photographic-paper maker, known as the Haloid Co., in Rochester...
...normally bustling assembly plant in Metuchen, NJ. The plant was closed all last week to reduce a mounting backlog of unsold Pintos and Mercury Bobcats, two of the smallest models Ford produces. At the same time, a bulging inventory of Chevrolet's sub-compact Vegas prompted General Motors Corp. to eliminate a second shift at its huge superautomated plant in Lordstown, Ohio...
...mixed-up market," says American Motors Corp. President William Luneburg, "and anybody who says he fully understands it is crazy." A vice president of another auto company reports on a meeting with officials of two major ad agencies: "Six months ago, they told us what to do: advertise gas economy, small size; advertise American, no-nonsense thrift. And who gets the action? Chrysler Cordoba and Volare-foreign names, foreign actors on the TV screen, 'Corinthian leather,' the look of 'elegance.' I asked the admen 'What the hell is this all about?' They could...