Word: corpe
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Dates: during 1950-1959
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...land the big new plant. It would cost $25 million to $35 million, employ 1,500, be the first in the U.S. to produce a Dacron-like fiber called Teron. This week the site was announced by its joint builders-Britain's Imperial Chemical Industries and the Celanese Corp. of America. Their choice was Shelby, N.C. One major reason for choosing North Carolina, said Celanese, was the "wholehearted cooperation" of Governor Luther Hartwell Hodges...
...make small loans, Hodges' administration established a Business Development Corp. Hodges stumped the state, selling stock in the corporation at $10 a share and raising $1,000,000; he later got an $8,000,000 line of credit from banks, insurance companies, savings and loan associations. To date, the corporation has lent about $4,000,000 to 70 homegrown small businesses and industries in lumps from...
...Murray Corp.'s Easy Division of Syracuse increased its sales almost 100% over June in July, 22% in August and 20% in September, expects to triple its first-half sales volume in the last half of 1958. ¶ Whirlpool has seen a general upswing in orders in the last six to eight weeks, had the best sales in 18 months in September, is adding overtime...
...Commission granted permission for FM stations to test stereo "multiplexing," a system that sends the two separate signals over a single radio frequency. New York City's WBAI started to broadcast stereo last week; WRCA-FM will begin next week. Manhattan's two-year-old Madison Fielding Corp. last month put out a multiplex stereo adapter that can be attached to any FM radio, turn it into a stereo set. Price...
Only ten months ago the stock of Florida's Minute Maid Corp. was selling for ⅝|. Last week Minute Maid was one of the most heavily traded stocks on the New York Stock Exchange as it rose to 18. The stock was pushed up by a fast turnabout in the prospects for the company that pioneered frozen orange juice. In the red last year, Minute Maid turned in record third-quarter earnings of $1.8 million, and President John Michael Fox predicted more than $4.4 million net for the year...