Word: corps
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Dates: during 1950-1959
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ATOM POWER PLANT for Italy will be partially financed by $34 million Export-Import Bank credit. New facility, largest private industry nuclear plant in Europe (165,000 kw.), will be built by 1964 to serve northern Italy, at total cost of $64 million, using Westinghouse Electric Corp. nuclear equipment...
Amidst the third-quarter earnings reports and stock-split announcements last week there was a standout: Westinghouse Electric Corp. With the company's nine months' earnings soaring ($3.17 per share v. $2.79 in 1958) on only slightly higher sales than last year, its directors recommended a two-for-one stock split, boosted the annual dividend rate from $2 to $2.40. For Westinghouse, the nation's oldest (73 years) and second largest electrical equipment maker (first: General Electric), the split climaxed a three-year drive to reorganize the company and recover from a crippling five-month...
With the effects of the steel strike still to be felt, bright earnings news last week also came from General Motors Corp., whose third-quarter profits doubled over the same period a year ago, and boosted nine months' net to $2.55 per share v. $1.39 last year...
...loss) (loss) Union Pacific 2.17 1.87 Oil company earnings for the third quarter were mixed amidst industry reports of overproduction. Big Standard Oil Co. (of California) reported a decline in nine months' earnings to $2.85 v. $2.97 last year. Despite a third-quarter drop in earnings, Gulf Oil Corp. showed nine months' results of $6.49 per share v. $6.13 per share last year. Other oil earnings: 1958 1959 Sinclair Oil $2.07 $2.28 Atlantic Refining 2.02 2.54 Ohio Oil 1.75 1.95 For industries not hit by the steel strike the third quarter produced some records...
...Henry J. built a worldwide network of diversified companies with an independence and daring that alternately drew gasps, laughter, and profanity from U.S. industry. Last week Son Edgar once more proved that the Kaisers are mavericks: he settled with the striking United Steelworkers on behalf of his Kaiser Steel Corp., thus breaking the industry's solid ranks...