Word: corpe
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Dates: during 1950-1959
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SOVIET STEEL DEAL will send 20,000 tons of cold-rolled sheets (used to make auto bodies) from Republic Steel Corp. to U.S.S.R. for about $3.4 million, biggest such sale to Reds in recent years...
...POLARIS MISSILE submarine will be built by General Dynamics Corp.'s Electric Boat division at an estimated cost of $105 million. New sub will be larger than the five other Polaris subs under construction...
PEACE AT LOEWS seems assured by purchase of 235,000 Loew's shares by a group led by Nathan Cummings, chairman of Consolidated Foods Corp. Cummings, a friend of management, strengthened Loew's President Joseph Vogel, threatened with a proxy fight by stockholders opposing his plan to sell Loew's theaters, build up M-G-M as a moviemaker...
GOOSE MISSILE cancellation by the Air Force also ends Fairchild Engine & Airplane Corp.'s contract for the J83 jet engine. Cutback will reduce Fairchild's sales by about $56 million in 1959, cause layoffs of 2,000 employees. Said Fairchild President James H. Carmichael: "The company has a rough sky ahead...
JOHNS-MANVILLE CORP. (1957 sales: $308 million) purchased Libbey-Owens-Ford subsidiary L-O-F Glass Fibers Co. (1957 sales: $23 million), second only to Owens-Corning Fiberglas in the industry, for stock worth $58 million...