Word: corpe
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Dates: during 1950-1959
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...CHRYSLER CORP. will move assembly lines closer to markets to cut rising transport costs. No. 3 automaker will build 3,500-man plant about 20 miles southwest of St. Louis, planp to have it operating in 1959 to replace two 30-year-old plants in Evansville, Ind. Shift gives Chrysler better national spread; other major plants are in Delaware, Detroit, Los Angeles...
When the Swiss government tried to bring the U.S. before the United Nations International Court of Justice at The Hague a fortnight ago, it hoped that the court would decide who owns General Aniline & Film Corp., the huge chemical firm that has been a bone of contention ever since World War II, when it was seized by the U.S. as enemy property (TIME, Oct. 14). The Swiss claim that the stock of the $163 million company rightfully belongs to Switzerland's Interhandel holding company, which ran General Aniline before World War II. The U.S. insists that Interhandel was merely...
Ideal Toy Corp. thundered into round-the-clock production with a sleek new $4.98 "Satellite Launcher/' complete with rotating radar tracking station, which can fire four plastic disks 75 ft. into space. Another gadget: a $7.98 "Sky Sweeper Truck." which beams searchlight silhouettes of jet planes against a wall, shoots them down with two "Nike" rockets. In seven days Ideal shipped out 100,000 Satellite Launchers, another 50,000 Sky Sweeper trucks. "This may be a propaganda blow to the U.S.," cried an Ideal executive...
...Texas, which supplies 42% of all U.S. oil, October output was limited to twelve days, lowest allowable since 1939. Louisiana wells are producing at history's lowest rate, while Oklahoma is so pressed that it went to court last week with a $500 million suit against Gulf Oil Corp., charging that the company cut its purchases of Oklahoma crude to 80% of allowables without asking for necessary "exemptions" from its buying agreements...
...Sidney Albert, 50, the fast-talking financial juggler who took over ill-starred Bellanca Corp. less than three years ago, quit as president in the midst of a Securities and Exchange Commission investigation of the company's financial reports. Trading his family's rubber-machinery business for control of Bellanca. Albert went on a stock-swapping spree that turned the small aircraft partsmaker into a grab bag of 70 firms, and helped push its stock from $4.37 a share to $30.50 a share within a few months (TIME. June 25, 1956). The stock plummeted last year...