Word: corpe
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Dates: during 1950-1959
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...Council of Economic Advisors estimated that corporate profits before taxes, which had been declining for the first three quarters of 1956, rose to an annual rate of $46 billion a year in the last quarter, just under 1955's alltime high (among gains announced last week: National Steel Corp.'s 8.7% rise. Reynolds Tobacco...
...board of Standard Oil of Texas, was elected president of Four Corners, named for the oil-rich area where the borders of Utah, New Mexico, Arizona and Colorado meet. The new line will extend 600 miles from the area to Los Angeles, be built by Shell Pipe Line Corp. at a cost of $50 million. When completed at year's end, its initial capacity will be 60,000 bbl. daily, which could be upped to 160,000 bbl. by increasing the number of pump stations along the route...
Union Carbide & Carbon Corp., which once considered moving its home from Manhattan to suburban Westchester County, last week announced plans for a new office in the city. Next year Union Carbide will start work on a 52-story, $46 million steel-and-glass skyscraper on the Park Avenue site of the old Marguery hotel, expects to move in early...
...rodding boss of a 13,000-worker, six-plant electronics business that last year grossed some $50 million on sales of 900,000 radios, TV sets, phonographs and recorders. Almost half were exported, including big shipments to the U.S., where Grundig sets are marketed by Majestic International Corp. and DeJur-Amsco Corp...
...Arthur B. Langlie, 56, G.O.P. convention keynoter in 1956, became president of McCall Corp.. succeeding Marvin Pierce, 63, who was made chairman of the board. Langlie, who served an unprecedented three terms as Washington governor (1940, 1948. 1952) and was defeated last November for the U.S. Senate, was picked for McCall's by California Financier Norton Simon (Ohio Match Co., Hunt Foods, Harbor Plywood), who began buying McCall stock in 1954 and now commands a controlling 35%. New Publisher Langlie was also elected as ninth pro-Simon director on the 17-man board...