Word: corpe
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Dates: during 1950-1959
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...first: Du Pont), the first-quarter net tumbled to 70? a share v. $1.18 a year ago. International Paper Co. sales slipped 10% for the quarter, and earnings will show a sharper drop. In appliances. Whirlpool's per-share earnings were almost halved to 25? a share. Admiral Corp.'s earnings also dipped, and Philco "will undoubtedly show a loss" for the first quarter...
FORD'S TOP BRASS will join with Wall Street's Lehman Bros, to form new open-end, i.e., unlimited shares, mutual fund. Lehman will underwrite and manage fund, will have it buy out Aurora Corp. (assets: $36 million), an investment firm owned largely by Ford executives. New fund, called One William Street Fund, will have Ford Chairman Breech and four other Ford veterans on 13-man board...
With a whine of turboprop engines, a fat new airliner quickly gathered speed at Hagerstown, Md. one day last week and took off on its maiden flight. The plane was Fairchild Engine & Airplane Corp.'s F-27 Friendship, the company's jet-age answer to the problem of replacing the hundreds of aging DC-35 still hauling passengers and cargo on U.S. airways. At $590,000, Fairchild's new aircraft will carry almost twice the load (40 passengers) at half again the speed (more than 280 m.p.h.) twice the distance (1,700 miles), and accomplish the task...
Trains & Trainers. The Fairchild parent company was known through the 19205 and 19305 as a camera-and-plane maker. Fairchild Engine & Airplane Corp. split off from the parent in 1936, started to diversify soon after World War II, when Dick Boutelle took over the presidency. A onetime Army Air Corps major who went to Fairchild in 1941, Boutelle decided that plane contracts alone were not enough to see the company through the postwar readjustment. Operating out of a trophy-filled office resembling the living room of a big-game hunter, which he is, Dick Boutelle's first move...
Died. Roy Henry Glover, 67, chairman of the board of the Anaconda Co.. world's No. 2 copper producer (after Kennecott Copper Corp); of a heart attack; after attending a State Department dinner in Washington...