Word: corp
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Dates: during 1970-1979
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During his halcyon years, Bailey's annual income was clearly healthy though?enough to satisfy his addiction to flight and gadgetry with such items as a twin-engine Turbo Commander turboprop and a Beechcraft. He also keeps a helicopter, built by his own company (Enstrom Corp. of Michigan), on his 78½-acre spread in Marshfield, Mass., 30 miles south of Boston. His 17-room house there is equipped with indoor and outdoor swimming pools and nearly every form of 20th century electronic communication short of his own hot line to Moscow. The gray-carpeted lair in his office in Boston...
...Although he was a member of a Senate subcommittee that was to monitor CIA activities, Democratic Senator Henry Jackson of Washington advised the agency in 1973 on how to handle another Senate subcommittee's probe of CIA ties in Chile with ITT Corp. Jackson retorted that he was asked only for procedural advice...
...also encouraged by the Federal Reserve Board's willingness to exert pressure to push down interest rates; last week First National City Bank of New York cut its prime rate on loans to business by a quarter point, to 6.5%. Says Howard Stein, chief of the Dreyfus Corp., which has $2.5 billion in mutual funds: "The Fed is finally allowing interest rates to adjust to the needs of the economy...
...scene outside Lockheed Aircraft Corp.'s assembly plant in Palmdale, Calif., symbolizes the condition of the $4.7 billion U.S. commercial aircraft industry today. There, glinting in the desert sun, stand five immense L-1011 TriStar jetliners, each worth $23 million. At first glance, they seem ready for delivery. The lettering on two of them spells out the name of Court Line, a British charter airline. The other three wear the bright symbol of Pacific Southwest Airlines' "grinning birds"-a broad smile painted under their striped cockpits. But Court went bankrupt in 1974, and PSA's business...
Almost from the time George Eastman fathered the snapshot, the biggest profits in the photography business have come from selling not cameras but film. Now Polaroid Corp., Eastman Kodak's biggest competitor in the $3 billion U.S. amateur photography market, is looking to cash in heavily on the same idea. This spring it will offer its supersophisticated SX-70 self-developing picture technology in a new camera called Pronto. Lighter and less cumbersome than the SX-70 original, with improved electronic circuitry, the black plastic Pronto will list for $66 but probably will be reduced by discounters to about...