Word: corp
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Dates: during 1970-1979
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...chiefly from speeches, newspaper columns and radio commentaries. The statement listed $200,000 in bonds, divided equally between California school-building securities and San Jose city notes, and $326,560 in stocks, at market value. Among them were investments in two bank holding companies, $132,000 in Continental Illinois Corp. of Chicago and $111,000 in First Union, Inc. of St. Louis, and $42,432 in Salant Corp., a New York-based clothing manufacturer...
Other teams of probers hit the offices of Marubeni Corp. headquarters, Lockheed's agent in Japan, and the private homes of individuals who might have been involved in payoffs. Police officials say that it will take at least a week to sift the documents taken. Unofficially, tax authorities say they have uncovered enough evidence to charge Kodama with tax evasion in 1972. That is the year in which Lockheed allegedly paid him $3.9 million, though he reported an income of only...
...Iran the government announced that it had unexpectedly received $2.1 million from Northrop Corp. Company officials explained that the sum was in payment of a fine for illegally using an Iranian consulting firm to help sell F-5 fighter planes. It was the first known instance of a U.S. company making atonement for improper payments in Iran...
...into synthetic oil and natural gas. So far several plants have been planned, all of them aimed to produce highly marketable (because scarce) natural gas. The largest demonstration plant to be built is a $237 million facility in New Athens, Ill. Jointly owned by Union Carbide and Chemical Construction Corp. and partially financed by ERDA, it has been designed to turn 2,700 tons of high-sulfur Illinois coal into 22 million cu. ft. of "syngas" and 3,000 bbl. of "synoil" each...
Xerox, it must be noted at the outset, is a trademark of the Xerox Corp. of Stamford, Conn. The word comes from the Greek xeros, meaning "dry." It refers to the dry, electrostatic copying process (a quantum improvement over earlier wet photographic methods) finally developed in 1938 in a one-room laboratory behind a beauty parlor in Astoria, Queens, by a penurious patent attorney named Chester F. Carlson. Xerox Corp. had revenues of $4.05 billion last year, and today accounts for more than half of all photocopier sales and leases in the U.S. (The chief producers of copying machines after...