Word: corpe
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Dates: during 1950-1959
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With some 80 of his World War II comrades in arms gathered at the Waldorf-Astoria, little-faded General of the Army Douglas MacArthur, now board chairman of Sperry Rand Corp., observed his 78th birthday. After the banquet, the assembled brass watched a nostalgic film of the Pacific war, heard an Army-supplied double quartet blend voices in Old Soldiers Never Die. "At my age," allowed the general, "every birthday is a challenge...
...from the garment industry. Reason: every morning at 8 a messenger delivered to their hotel rooms a big red envelope stuffed with the cables Fairchild and his crew of seven reporters had filed to Women's Wear Daily the previous evening. Said Manufacturer Joseph Frumkes of Monarch Garment Corp.: "Even when I'm in Paris, I have to read Women's Wear to find out what's going on here...
...year earlier) gave the world's biggest oil company its first yearly earnings dip in five years. Healthy fourth-quarter gains were run up by International Business Machines ($2.17, v. $1.86 in 1956), which had a record profit year, and Westinghouse Electric Corp. ($1.11, excluding a special tax refund, v. $1.07). Though the earnings trend was down, such surprisingly strong showings in the face of the business slump gave hope to investors that in 1958's first quarter, many companies may feel the recession less than expected...
ELECTRONIC BRAIN to automate newspaper press runs has been developed by Radio Corp. of America. System records exact number of copies printed and automatically shuts down presses when desired run is complete, thus, says RCA, "virtually eliminates costly overruns or premature press shutdowns." First installation will be for Detroit News...
CAPITAL AIRLINES will get special deal from General Dynamics Corp. to buy Convair jet airliners. Deal is for 15 Convair 880 jets worth $60 million, which G.D. will help finance in addition to helping Capital refinance some $48.5 million still owed on its current fleet of British-built Vickers Viscount turboprops...