Word: corpe
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Dates: during 1950-1959
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...sales in the second ten days of June posted a 6.8% increase in daily rate over the first ten days, and last week's production was up 9.6%. Ford Motor Co. returned to full-scale production, while Chrysler Corp. scored a 13% production boost in June. Yet even as the wheels rolled a bit faster, the industry got set for the annual model changeover shutdown. Buick production was stopped last week for approximately six weeks; Chrysler will start shutting down late this month, Plymouth in early August and Ford in September...
...first complete transition from vertical to horizontal flight and back again was accomplished by Bell Aircraft Corp. at Niagara Falls on May 24, when Test Pilot David W. Howe lifted the X-14 vertically off the runway. He hovered for a few seconds, then flew horizontally at 160 m.p.h. Returning to the airport, he came to a full stop ten feet off the ground, made a 180° hovering turn, and settled down on the surface...
...major antirecession move, the nation's largest steel producer last week plunked down another hefty bet on the future. U.S. Steel Corp. announced plans to raise $300 million through debentures in mid-July. The bond offering will rank among the largest ever made by an industrial firm, equaling Big Steel's in 1954 and issues floated by General Motors in 1953 and General Electric in 1956. Said Robert C. Tyson, chairman of Big Steel's Finance Committee: "The purpose of this is to add money to our funds to restore working capital that we have used...
Orbits & Torpedoes. At Aerojet-General Corp. last week, the Air Force's huge Titan was only one of a score of missiles whose power comes from the nation's biggest rocketmaker. Aerojet's "solid-propellant guys" were hard at work on the Navy's 1,500-mile Lockheed Polaris as well as a flock of deadly birds named Hawk, Sparrow, Bullpup, Genie. Last week Aerojet blasted off on two new projects involving several exciting new technologies...
...Began. In San Jose, Calif., after International Business Machines Corp. installed a large electronic computer in a new plant, Mathematician William Mitchell equipped it with a glass-enclosed Chinese abacus and a sign reading: "In case of emergency, break glass...