Word: corpe
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Dates: during 1950-1959
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FIRST INVESTMENT will be made by International Finance Corp. from its $92 million bankroll supplied by 49 member nations to step up industry in underdeveloped areas (TIME, Aug. 6). Agency will buy $2,000,000 worth of 6% notes from Brazilian subsidiary of West Germany's giant Siemens, electrical manufacturers. Money will help Siemens build electrical-equipment factory near São Paulo...
...James Cope, 53, moved into the No. 4 spot at Chrysler Corp. with a new job as vice president of corporate market planning and a big responsibility for keeping Chrysler out ahead of the style parade. Born in Italy, where his father, a Philadelphian, was living temporarily, Cope came to the U.S. to stay in 1915, went to work as a newspaperman at 19, first for the Asheville, N.C. Citizen and later for the Associated Press in Washington. Moving over to organize a public relations staff for the Automobile Manufacturers Assn., he caught the eye of Chrysler President...
Many a thriving business was born of smart shopping for surplus goods after World War II. But nothing beat the big buy that created Texas Eastern Transmission Corp., whose backers (including Houston Contractors George and Herman Brown) raised $143 million in 1947 to buy the Government's war-built 2,819-mile Big Inch and Little Big Inch pipelines. Out of an original investment on their part of only $150,000 in stock, they parlayed the Texas-to-East Coast oil lines into one of the U.S.'s big four natural-gas carriers, a giant worth $581 million...
...made by such foreign standouts as West Germany's Volkswagen, Ford and American Motors have also been cashing in. In the first four months of this year, British Ford sales in the U.S. hit 3,201 v. 717 in the same period last year. Sales of American Motors Corp.'s Metropolitan, made by Austin of England...
Married. Helen Estelle Knowland, 19, brunette daughter of Senate Minority Leader William F. Knowland; and Robert Van Sickle McKeen, 23, a 1955 University of California basketball star, now with the Kaiser Steel Corp.; in Oakland. Calif...