Word: eastmans
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Died. Eliena Krylenko Eastman, 61, Polish-born Russian landscape painter, muralist and onetime (1921) secretary to Maxim Litvinoff (then Vice Commissar of Soviet Foreign Affairs), sister of Nikolai Krylenko, onetime Soviet chief prosecutor who was purged in 1938, and wife of oldtime socialist Max (Reflections on the Failure of Socialism) Eastman; of cancer; in Gay Head, Mass...
Such specialization would inevitably throw up industrial giants. A combine of Volkswagen and British Motors, say, might dominate auto manufacture in a large part of the world. A combination of German camera manufacturers and British film makers might produce a colossus rivaling Eastman Kodak. This would not only make for better yet cheaper products and vastly expanded trade, but would help solve one of Europe's fundamental social and economic problems. In most European nations today, increases in real wages are blocked by the fear that they might make exports more expensive and less competitive. In a common European...
Prophet & Savior. Charlie Merrill did not start out to bring Main Street to Wall Street. The son of a Florida country doctor, he spent two years at Amherst College, quit to work for Eastman, Dillon & Co. Later he set up his own firm, then teamed up with Edmund C. Lynch. As an underwriter and investment banker, Merrill Lynch helped set up such big chain-store operations as S.S. Kresge, Grand Union and Safeway Stores. As brokers, Merrill Lynch & Co. also built up a sizable business during the roaring...
WALL STREET MERGER will join Eastman, Dillon & Co. and Union Securities Corp., two of nation's biggest investment bankers and underwriters. To be called Eastman, Dillon, Union Securities & Co., new firm will have assets of more than $17 million. Combined underwriting business since Jan. 1, 1955: $770 million in corporate issues and municipal bonds...
...enough income from royalties and Government contracts since 1947 to make its research program selfsupporting. Thousands of patents developed by Bell Labs may now be used by other companies without charge, as a result of the trustbusting consent decree signed last January by A. T. & T. and Western Electric. Eastman Kodak estimates that at least one-third of 1,800 basic studies published by its researchers have benefited industry as a whole...