Word: corpe
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Dates: during 1950-1959
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William Birrell Franlce, 65, top-rung accountant and retired New York businessman (onetime chairman of General Shale Products Corp. and plumbing-making John Simmons Co.), moved up from Navy Under Secretary to Secretary...
...Army has ordered a device that will print photographs on the ground moments after they are taken by a reconnaissance plane in the air. Made by Fairchild Camera & Instrument Corp., the airborne unit is basically an instant-processing device, which produces negatives seconds after the camera's shutter has clicked, and a telemetry scanner, which transmits the negative to the ground-all contained in a 45-lb. package about the size of two shoe boxes. The ground unit picks up the televised signal, produces a finished photograph in less than one minute after the signal is received...
...Elizabeth, N.J., runs one balanced and two common stock funds with total assets of $711 million. The shares of all three are sold by Hugh W. Long & Co., which did such a fine job that Hugh Long is now president of all the funds. ¶ Continental Research Corp., of Kansas City, Mo., manages four U.S. funds (including an income and a science fund) and participates in the management of a Canadian fund; it has 145,000 shareholders and total assets of $634 million. Founded in 1950 to take over management of the United Fund series, it is run by Cameron...
...Harold S. Geneen, 49, resigned as executive vice president of Raytheon Co. to become president and chief executive officer of International Telephone & Telegraph Corp., succeeding Edmond...
Republic Steel Corp., the nation's third largest steelmaker, announced that it will spend $375 million on a major improvement program over the next four years. The first project will be a $45 million hot strip mill, with a capacity for 145,000 tons per month, to be added at Republic's Warren, Ohio plant. To dispel any doubts about overcapacity, Republic's Chairman Charles M. White told stockholders that he foresees the possibility of total steel industry output in 1960 exceeding 1955's record of 117,036,085 tons. Republic, which has boosted...