Word: corpe
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Dates: during 1950-1959
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...Three will stop '58 production in July instead of September, will drive in with the '59 models weeks ahead of schedule. General Motors plans to introduce many of its '59s in mid-Sepiember, one to two months earlier than last year. Chrysler Corp., riding in the red for 1958 (see State of Business), plans to show its 1959s by mid-October, instead of Nov. 1 as last year. Automen figured that if G.M. and Chrysler advanced their introduction dates, Ford would soon follow...
Pancake Baker. An automatic pancake baker designed to keep up with children's breakfast appetites has been developed by New York City's Polarad Electronics Corp.* A hopper at the top holds the batter, releases enough for one pancake at a time to an electrically heated griddle. When one side is done, the griddle turns over, plopping the pancake into a second griddle, which bakes the other side. Finished pancakes thus drop onto a platter continuously. Designed by Polarad's President D. Lawrence Jaffe, the pancake baker was inspired by Jaffe's family: four children...
...Polaroid Corp., makers of lenses and the fast-selling one-minute camera (TIME...
...Robert R. Young's dream of railroad empire, the instrument of accession was Alleghany Corp., the holding company that owned large blocks of major roads: Missouri Pacific, Nickel Plate, his own New York Central. Before his suicide in January, Young sold most of his own stock in the Central, but as chairman of Alleghany Corp. he held options on 100,000 shares of Alleghany common which he had yet to exercise; he had been fighting to reorganize Alleghany for three years. Only two days after Young's death, the U.S. Supreme Court cleared the way for Young...
Died. John S. Coleman, 60, president of Burroughs Corp. and onetime (1956-57) president of the U.S. Chamber of Commerce; of a heart attack; in Detroit. Under his leadership, Burroughs developed from a maker of adding machines to a diversified company pioneering the field of electronic computation...