Word: corp
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Dates: during 1970-1979
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...enough view for his Secretary of the Treasury, W. (for Werner) Michael Blumenthal, who, after a rocky beginning in his post, has in the past few months gained clear pre-eminence among the President's economic aides. Blumenthal is a former Big Businessman himself?he was chairman of Bendix Corp. before he came to Washington?and, though he has never been fully accepted by corporate leaders as one of their own, he knows how his former colleagues in the executive suite think...
Apparently not content with his sales commissions on the nuclear deal, Disini acquired the Philippine Summa Insurance Corp., which promptly won a portion of the $693 million policy sold to the National Power Corporation to cover the Bataan plant. The ambitious entrepreneur also bought controlling interest in the consortium of firms that are constructing the generator under contract from Westinghouse. But the fate of these lucrative enterprises may now be in doubt. Marcos last week ordered his Department of Industry "to look into what corporations of Mr. Disini's can be legitimately divested from him, especially those for which...
...radio has grown to the point where about 20 million American "good buddies" have CB rigs in their cars or homes. Yet despite the boom in the industry, a lot of firms that tried to capitalize on the craze are going bust. A case in point: Hy-Gain Electronics Corp. of Lincoln, Neb., one of the largest U.S. makers of ham radio and CB gear. Burdened by $31 million in debts and a $24 million earnings loss in fiscal '77, Hy-Gain has filed for bankruptcy and told 1,000 employees at its plants in Lincoln and Puerto Rico...
...form of either import quotas or higher tariffs. But CB sets were not covered by the U.S.-Japan trade agreement signed in Tokyo last week by Special Trade Representative Robert Strauss. Moreover, such restrictions are opposed by other firms in the industry like Fort Worth-based Tandy Corp., which imports large numbers of CB radios and sells them through its Radio Shack retail outlets...
...makers, however, are in so fortunate a position, and more are expected to follow Hy-Gain into bankruptcy. In April, Gladding Corp. of Boston, maker of the Pearce-Simpson CB brand, filed for protection under the bankruptcy laws, citing the same 40-channel switchover problem that wrecked Hy-Gain. Johnson American Inc., the CB radio unit of E.F. Johnson Co. and the largest U.S. CB maker, posted a loss of $4.4 million on sales of $10.3 million during the third quarter...