Word: corpe
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Dates: during 1950-1959
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Most unfortunate feature of the moon's climate is its airlessness, which will always be hard on humans who try to colonize the moon. Last week Dr. Peter A. Cas-truccio, director of Westinghouse Electric Corp.'s newly formed Astronautics Institute, pointed out one way to turn the moon's lack of atmosphere into an asset. Manufacturers of electronic tubes, he said, go to pains to pump air out of them so that the air will not interfere with the electrons. On the moon this is not necessary. The whole moon has a better vacuum than...
MUTUAL BROADCASTING, with 448 affiliates in the U.S., has been taken over by Scranton Corp., controlled by Detroit's F. L. Jacobs Co., auto-parts maker. Scranto'n paid more than $2,000,000 to syndicate headed by Los Angeles Oilman Armand Hammer, which bought Mutual for about $660,000 last year...
...face belonged to 43-year-old Hyman Marcus, onetime mathematics teacher who forsook ivied halls for finance. In 1952 Marcus bought into the debt-ridden U.S. Hoffman Machinery Corp., a money-losing pressing-and-dry-cleaning-machine company. After he gained control, Marcus announced grandiose plans to buy up profitable subsidiaries to create a holding company. With plenty of favorable publicity, the company shares rose to $22 a share before the bubble burst and sent the price down...
...graduated from Texas Technological College ('37), got a backhanded boost toward success from eccentric, erratic Howard Hughes. Thornton quit Hughes Aircraft in the same big blowup of Hughesmen (TIME, Oct. 5, 1953) that sent Simon Ramo and Dean Wooldridge off to start their own famed Ramo-Wooldridge Corp. With Thornton went Roy L. Ash, Hughes Aircraft's assistant controller and now Litton...
...million, are expected to top $110 million in the twelve months ending next July. Last week "Tex" Thornton was ready to bite off another chunk of the market. He said that Litton had closed a deal-pending the Justice Department's expected approval-to buy Westrex Corp. (yearly sales: $13 million), a communications firm, with outlets in 35 foreign countries, that the trustbusters forced Western Electric to sell...