Word: corps
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Dates: during 1950-1959
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...first radars of World War II could detect invading aircraft (giving the R.A.F. a big advantage in the Battle of Britain), but they were not much good on smaller targets. Modern radar is vastly more sophisticated, and a wondrous new refinement is an eye developed by the Army Signal Corps in collaboration with Hazeltine Corp. It can stare through darkness or fog at a terrain of tangled scrub and tell if a man is crawling through it two miles away; it can look at a walking human six miles away and tell whether its target is male or female...
SHOULDER-FIRED MISSILE, to be named Red-Eye, will be developed for Army and Marines by General Dynamics Corp.'s Gonvair division under $6,000,000 contract. New surface-to-air weapon looks like World War II bazooka, is electronically guided for use against low-flying planes...
...business so far in 1959 is a horn-handed engineer who has a word of Art Shay advice for every faltering firm: "You must compete in areas where you are prepared to compete." With this credo, Harold Eugene Churchill, 56, climbed to the presidency of Studebaker-Packard Corp. and led the company back from the brink of bankruptcy. Unlike other auto chief executives, Churchill does not compete as a supersalesman or financial whiz. He came up as an oldtime, dirty-fingernail mechanic, who still loves to tinker under an open hood. Realizing that S.P. could not battle model-for-model...
...surging oil-company earnings reports gave oil shares their sharpest rise since the easing of the Suez crisis in December 1956. Standard Oil Co. (NJ.) rose 3$ points to 54⅛ as it reported earnings of $1.47 per share, v. $1.22 in the first half last year. Gulf Oil Corp. stock added 6| points during the week to close at 116⅛, after reporting first-half earnings of $4.38 per share, v. $3.57 last year...
...earnings rise came from a strong demand for oil products that exceeded earlier industry forecasts. With record six-month sales of $621 million, Sinclair Oil Corp. boosted profits to $1.76 per share, v. $1.45 in the first half last year. Second-half prospects, noted Sinclair Chairman P. C. Spencer, are even brighter. Said he: "In July gasoline prices began to strengthen appreciably, and if this trend can be maintained, it is reasonable to expect that the remainder of 1959 should continue to show improvement...