Word: corps
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Dates: during 1950-1959
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...Drug Inc. had just underwritten the four-year program for $240,000. Virtually all major U.S. drug companies had herb hunters afield, either directly employed or under contract. All their people have been enlisted as part-time hunters: when Francis C. Brown, president of New Jersey's Schering Corp., was in Port-au-Prince for the recent opening of the Haiti Psychiatric Institute, he heard of a red nut used by voodoo practitioners to calm disturbed patients, brought back samples that are now under laboratory test. Schering chemists are also analyzing a concoction which an African vendor labeled Mafuta...
...Chrysler Corp. reported total May sales of 70,814, up 19% over last year. To add more zip to sales, Chrysler's President Lester Lum Colbert made some drastic dealer shifts-and readied a new car. The company has known for some time that its dual system of De Soto-Plymouth and Dodge-Plymouth dealerships, has seriously hurt Plymouth sales, since the dealers were inclined to push the higher-priced cars on which they made more money. To correct this, the De Soto and Plymouth divisions were merged, with Plymouth to be top dog. Chrysler last week asked...
Sharing the Business. Father of the Japanese industry is Masaru Ibuka. 51, a prewar movie sound technician who in 1948 set up what is now the Sony Corp. to make tape recorders and other sound equipment. Hearing of the development of transistors at Bell Telephone Laboratories, Ibuka produced laboratory samples, brought them to the U.S. to arrange the first Japanese transistor-patent licensing agreement. While many U.S. electronics men concentrated on industrial and military uses of transistors. Ibuka went after the consumer market, started the Japanese fad for miniature radios, eventually attracted some 100 competitors into the field...
...realized that Adams was not about to yield. Geneen's resignation sent Raytheon's stock down 6½ points, touching off a wave of selling of other electronic issues. Reason: in his three years with Raytheon, Geneen, who came from a top post at Jones & Laughlin Steel Corp.. helped reorganize Raytheon so effectively (TIME, June 23) that earnings rose to $3.08 per share last year from 45? per share in 1956. At I. T. & T. (1958 sales: $635 million) Geneen will be given full sway to build the company's profits, broaden its consumer and industrial...
...wrote a grim, prophetic, one-act play about flocks of satellite bombs orbiting 800 miles above the doomed earth), pioneered in missile programs as chief scientist (1950-51) of the Air Force, helped develop the Polaris and X-17 missiles as research director of Lockheed Aircraft Corp.'s missile-systems division, became a Lockheed vice president last March; of a brain hemorrhage; in Washington...