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...state-owned A.G.I.P. (Azienda Generale Italiana Petroli), with the job of selling off its assets. Mattei defied the orders, kept his equipment and put prospectors to work in Italy's big Po Valley. Soon, Mattei was boss of all A.G.I.P. His geologists found a big methane gas deposit with an initial production (1.5 billion cu. ft.) greater than all the rest of Italy's fields. By 1953, Mattei's wells were producing 71 billion cu. ft. of gas annually, saving Italy more than $32 million in coal and oil imports. This year production will hit 90 billion...

Author: /time Magazine | Title: BUSINESS ABROAD: State v. Private Capital | 11/29/1954 | See Source »

...guys, savings and loan men spend upwards of $20 million a year on advertising-far more, proportionately, than the $45 million or so spent by banks, whose assets are seven times larger. A number of savings and loan associations offer many traditional banking services, including safe-deposit boxes, travelers' checks and money orders. They also have gifts for new investors, offer special lures for children. Last year 300 associations were using the services of Hopalong Cassidy to promote savings among moppets. But the biggest lure of all is the interest paid on savings. The average savings and loan dividend...

Author: /time Magazine | Title: NEW MONEY MERCHANTS: Savings & Loan Men Teach Bankers Lesson | 11/29/1954 | See Source »

...that it had made a mistake in the tract numbers (TIME, Nov. 8, 1954), will not be held to its contract. The Government has accepted the argument that a bid containing an obvious error does not constitute a binding contract, will give the company back its $2,900,000 deposit...

Author: /time Magazine | Title: Business: TIME CLOCK, Nov. 22, 1954 | 11/22/1954 | See Source »

Practically every country on the continent has facilities for car rental. Most require an initial deposit, and charge by the mileage run off. American drivers must carry with them a national driving license, an international driving permit (18 and older), international license plates, and an international registration certificate. The AAA can provide these before leaving for Europe...

Author: NO WRITER ATTRIBUTED | Title: Low Price Plans Make Car Travel More Accessible | 11/4/1954 | See Source »

URANIUM STRIKE in Wyoming may turn into one of the biggest yet. Part-time prospector and Machine-shop Operator Neil McNeice hit a rich ore deposit 45 miles east of Riverton. American Smelting & Refining considers the area so promising that it will operate with the AEC a uranium-buying station at Riverton...

Author: /time Magazine | Title: Time Clock, Oct. 25, 1954 | 10/25/1954 | See Source »

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