Word: corpe
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Dates: during 1950-1959
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...full-page trade-paper ads, TV Producer Jack (Bold Journey) Douglas talked back to his critics-and his words had the authority of success. Last week he announced details of the sale of 'his new TV series, Sweet Success, to the Independent Television Corp. for international syndication. Douglas has also peddled enough other new shows to land enough business for his production company (estimated net worth: $2,000,000) to keep it busy for four years. The Douglas operating formula, E+E=$$$ (education+ entertainment = dollars), was paying off, and if the Douglas critics did not like it, they could...
...capital-goods boom is triggering a burst in spending for heavy construction. The F. W. Dodge Corp. reported that construction-contract awards in 1959's first seven months jumped 11% to $22.5 billion. The new lift in heavy construction comes at an opportune time, just as builders are warning that tighter mortgage money may slow the pace of home starts, now a near record 1.300,000 a year. Overall construction is moving 12% ahead of last year, at an annual rate of $55 billion; builders expect it to rise to at least $57 billion in 1960. Says Chairman Melvin...
...Cincinnati toolmakers that even if peace comes soon they cannot expect deliveries for three or four months-so long is the waiting list of top-priority defense contractors. Yet steel users stood solidly behind the industry. Said District Manager L. M. Spicer of Los Angeles' Ceco Steel Products Corp.: "This country is going to be out of the steel business if something isn't done to stop spiraling prices. I'm glad the steel industry has finally decided to stand by its guns...
...full-page newspaper ads last week, another publisher clamorously announced a deal quietly swung four months ago. The buyer: the Hearst Corp., still (with 14 dailies) one of the largest U.S. newspaper empires. The buy: Avon Publications Inc., publishers of paperback books...
Even wily Proxy Fighter Alfons Landa, executive committee chairman of Fairbanks Whitney Corp., who helped Evans gain his place on the Crane board, was taken aback by Evans' maneuvers, questioned whether he was housecleaning too fast and hard. But Evans, who built Pittsburgh's H. K. Porter Co. from a money-losing locomotive manufacturer to a twelve-division, $137 million industrial combine, would hear none of it. Shuffling between his Greenwich, Conn, home and several cities, he worked harder and more ruthlessly to increase profits for Crane and solidify his power. Evans shifted about Crane's operations...