Word: curtisses
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White's technology often seems creaky, partly because he was a pioneer. Modern sci-fi doomsdayers would never predict the end of the world from an excess of radio waves, or have radial-engine Curtiss Condor transports symbolize the overreach of the air age. Even so, White was always among the first to discern the now familiar signs and portents: ecological disturbances, the decline of various species, the discovery that last year's medical boons may lead to tomorrow's degenerative diseases, the horrors of a mindless but ubiquitous visual press, and the debilitating result of trying...
DIED. Waiter Hinton, 92, co-pilot and last survivor of the six-man crew that flew the first plane across the Atlantic Ocean in 1919, eight years before Charles A. Lindbergh made the first solo flight; in Pompano Beach, Fla. Hinton was a Navy lieutenant on the NC4 (Navy-Curtiss) flying boat that crossed the Atlantic from Rockaway, N. Y., to Plymouth, England. As a civilian, Hinton later made the first flight between New York City and Rio de Janeiro...
Fluor Corp. paid $2.7 billion to acquire St. Joe Minerals. The Kennecott copper company fought off a takeover attempt by Curtiss-Wright Corp. this year, only to be swallowed by Standard Oil Co. of Ohio. The oil companies are both the hunters, because their coffers are overflowing with petroprofits, and the hunted, because of the value of their deposits still in the ground...
Teledyne, Inc., which has a large stockholding in Curtiss-Wright, to acquire its shares. After Teledyne failed to respond to an offer of $50 a share, Kennecott two weeks ago began buying Curtiss-Wright stock in the open market. It soon became the company's largest shareholder, with 32% of the firm's stock...
Kennecott agreed to hand over its 2.8 million shares of Curtiss-Wright, plus $168 million in cash, in exchange for Curtiss-Wright's Dorr-Oliver subsidiary, a maker of pollution-control and other equipment; Curtiss-Wright returned 4.8 million shares of Kennecott to the copper company, and Berner and two other Curtiss-Wright directors resigned from Kennecott's board of directors. With their proxy fights at last over, Barrow and Berner can now get back to their real businesses of digging copper and building jet engines. -By Julie Connelly. Reported by Frederick Ungoheuer/New York