Word: corpe
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Dates: during 1950-1959
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NUCLEAR MERCHANT SHIP, the world's first, will be built for U.S. by Louis Wolfson's New York Shipbuilding Corp. on a bid of $20,908,774. Keel for 587-ft. N.S. (for nuclear ship) Savannah will be laid next year, launching is set for 1959, and in 1960 the 20-knot, 10,190-d.w.t. vessel will start operating as "a floating laboratory to study nuclear power [in] commercial shipping...
MILLIONAIRE BILL GRAHAM, the Kansas crusader for free enterprise around the world (TIME, Aug. 12), has recruited 15 U.S. shareholders -including the Rockefeller brothers' International Basic Economy Corp.-to buy into his Private Enterprises Inc., which will make investments in private enterprises in India. New company is capitalized at $1,500,000; Indian sources are expected to match the company's investments...
PENN-TEXAS CORP., owner of 478,250 shares or a 44% interest in heavy-equipment making Fairbanks, Morse, may be forced to sell "some 132,000" Morse shares bought since last May. Fairbanks, Morse has haled Penn-Texas into a Chicago court, charges that it is guilty of "flagrant" contempt of the Federal court order (in May) to stop trying to take over Morse within the next five years...
This year parents will also find themselves acting as ground crews for a whole series of projectile-spewing toys. Ideal Toy Corp. is ready for the Space Age with a truck-mounted satellite launcher ($4.98) and a skysweeper ($7.98) that throws a plane's image onto a wall, then fires suction-cup projectiles at it. Gilbert's train sets have a rocket launcher car ($10.29) that shoots a missile from the tracks, and Kusan-Auburn Inc.'s six-car atomic train ($39.95) automatically unleashes two missiles while the train is in motion...
...James) Russell Duncan, 40, vice president of Chicago's Consolidated Foundries & Mfg. Corp. since 1954, was elected president of Minneapolis-Moline, farm implement company founded in 1929, succeeding Henry S. Reddig, 50, who resigned. The move followed a shareholder revolt in which Raider J. Patrick Lannan (TIME, July 25, 1955) and two associates won places on Minneapolis-Moline's board of directors two months ago. Lannan's H. M. Byllesby & Co. bought into Minneapolis-Moline two years ago with Henry Reddig and his brother Edward when the company's prospects looked good and its stock...