Word: corpe
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Dates: during 1950-1959
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...industry had never set foot before, transforming crossroads towns into fast-growing cities. For years the sleepy little town of Twinsburg (pop. 1,250), Ohio, huddled on a road between Akron and Cleveland, was nothing more than a village square, a bank, a cluster of stores. This year Chrysler Corp. moved in with an $85 million body plant and jobs for 3,500. Now Twinsburg has big-city dreams. The town fathers are planning a $600,000 high school and a big shopping center, are putting up a 1,000-unit housing project, a sewage plant, and the state...
BRITANNIA TURBOJETS will go into commercial service in February. After many delays, Britain's Bristol Aeroplane Co., Ltd. has modified turbine engines, cured problems of icing, flameouts. British Overseas Airways Corp. will start planes that can carry up to 133 passengers on London-South Africa run, later fly them to Australia, Far East...
...Jones & Laughlin Steel Corp., National Supply Co., Pittsburgh Plate Glass Co., Peoples Natural Gas Co. Eventually ten buildings will sprawl over Gateway in a parklike setting of shaded walks, lawns, fountains...
...superstructure is pushing up for the twelve-story Bell Telephone Building. Both are rectangular slabs at Gateway Center, near the point of the downtown Triangle. They will add to the three all-steel office build ings thrown up since 1950 at Gateway, now the headquarters of Westinghouse Electric Corp., Westinghouse Air Brake
...cold awakening came two days later when an examiner turned up more shortages-a total of $1,200,000. Set against bank capital of $807,000, the shortage brought only one answer from the Federal Deposit Insurance Corp.: close the bank, freeze all accounts, pay off all deposits up to the $10,000 maximum. Last week Ellenville counted the cost of its generous banker in empty stores, canceled orders and overdue bills. Business was down about 50%, and Christmas prospects looked grim, as FDIC prepared to liquidate the bank...