Word: corp
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Dates: during 1970-1979
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...industrialists foresee a big boost for their booming business. But one manufacturer, Carl Korn, president of Dynascan Corp., warns that life on the new channels may be lonely at first: "A bunch of people will jump into it immediately and then realize there's no one to talk to except other kooks like them...
...cotton and wool. Shapiro has also moved to assure that Du Pont, a major seller of raw materials, has adequate supplies for its own operations. The company has entered into a venture with ARCO to build a $1 billion chemical refinery in Texas; Du Pont and National Distillers & Chemical Corp. also plan to build a $100 million methanol plant...
...took more than three years of negotiations and, finally, a contractual stipulation that there had been "no bribery offered to a Canadian government official in connection with this program." With that disclaimer, Lockheed Aircraft Corp. and Canadian officials last week signed, on the second try, a $697 million deal under which Canada will buy 18 Orion-type planes for North Atlantic patrol and antisubmarine warfare. The sale is the biggest ever made in export markets by the floundering American manufacturer, and provides a badly needed boost to Lockheed's order book and its morale. For Canada...
Some notable laggards are makers of petrochemicals and oil refiners. Kaiser Industries Corp. Vice President Louis Oppenheim says there is "some reluctance" in the steel industry to expand capacity substantially. The key reason, he asserts, is that rising costs of labor, energy and raw materials, plus the industry's inability to raise prices fast enough, result in "a return on investment that is too low." Another factor in the reluctance of businessmen to spend more is the still high cost of long-term borrowing. Says Litton Industries Financial Affairs Vice President Joseph T. Casey: "In our spending outlook...
...chance that the D.C. Department of Insurance may exercise its legal right to take over management of GEICO, though Wallach has not yet suggested it. Whatever happens, the fiasco could well rekindle congressional interest in setting up a federal body to insure insurers the way the Federal Deposit Insurance Corp. guarantees the safety of bank deposits. Efforts to set up such a backstopping scheme have never made much headway, but the largest failure in insurance history-or even a cliff-hanging escape-would dramatize the need as nothing else has done...