Word: corp
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Dates: during 1970-1979
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...state-owned British Airways is Sir Frank Mc-Fadzean, the former chairman of the Shell Transport & Trading Co. Further, the nationalized industries are being encouraged to bring prices in line with production costs; the Electricity Board, a state utility monopoly, has been permitted a 40% rate hike. British Steel Corp...
...data-processing equipment, electronic cash registers and calculators, and has lost about $60 million since 1970. Singer thus joins a large number of corporations that have dropped out of the costly, brutally competitive computer business: notably, RCA, which took a pretax write-off of $490 million in 1971; Xerox Corp., which wrote off $84.4 million last year; and GE, which...
...politics makes strange bedfellows, so does business-as Gulf Oil Corp. has discovered. Last week, under pressure from the U.S. State Department, Gulf suspended its profitable oil-producing operations in the newly independent African nation of Angola. One reason: its taxes and royalties had been supporting the Soviet-backed faction in the civil war there, and indeed far outweighing the money that the U.S. Central Intelligence Agency had been slipping to the anti-Communist side...
Most construction companies have been hurt by sharp cutbacks in corporate capital spending plans. But not Fluor Corp. Riding the crest of a mighty global wave of spending for energy projects-pipelines, drilling rigs, refineries-the Los Angeles-based engineering firm has won more business than almost any other heavy construction firm. It has a current backlog of projects worth an incredible $10 billion...
...uneconomic looked profitable, and Fluor had skilled engineers ready to do the work. The jobs were immense: a $1.4 billion contract to build twelve pumping stations and the Valdez terminal for the trans-Alaska pipeline, for example, and a $1 billion plant for the South African Coal, Oil & Gas Corp. Ltd. to convert coal into oil and petroleum products-the world's largest such facility...