Word: exxon
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...only ingredient in the Dart success formula. The company's crack chemicals division, which is expected to show a 40% surge in profits this year, was put together in 1960 to produce polyethylene. It now has 170 U.S. and 460 foreign patents. Both G.E. and Exxon have become licensees. More important in Dart's view, the division contributes product technology to the company's other units, like Tupperware. By merger, Dart has also moved into fabricated plastic products and glass bottles...
Indeed, the big buying action on Wall Street these days is in the stocks of sound, old-line companies like Exxon, Bethlehem Steel and Du Pont. Such glamour stocks as Xerox, IBM and Eastman Kodak are still going down, partly because there is no shortage of copiers, computers or cameras. Also, many of the former highflyers pay small dividends or none at all. The standard industrial companies often pay dividends equaling 5% to 6% of the price of their stocks and so are better able to compete against other investments in an era of still lofty interest rates...
...year, the militant Gaddafi decreed that Libya would take over a 51% interest in all foreign-owned oil operations and pay the companies what they had actually invested, less depreciation. The companies were given until the end of September to agree, or risk 100% nationalization. Such big firms as Exxon and Mobil refused, and are seeking much larger compensation. Texaco and California Standard, which operate a joint venture called American Overseas Petroleum Ltd. (Amoseas), went further and stopped exporting crude from Libya for a time when port authorities insisted that invoices declare that the oil is 51% owned...
...college, some to Harvard, Radcliffe, Vassar, Brown and the University of California. But in those same years, the anxiety over ghetto upheavals has also decreased, and so has the concern of private donors. About half of Harlem Prep's supporters have turned to other programs. Says Exxon's Spokesman Richard F. Neblett: "Most corporations structure their grants to demonstrate innovation. They can't fund an independent program ad infinitum...
...some, these changes seem hardly tragic. If the city guarantees the basic financing, some former donors like Exxon and the Ford Foundation indicate that they would again provide special help. Says Exxon's Neblett: "It is important that alternative techniques of education be part of the public schools. The system should adapt and incorporate change." Others are less sanguine. "All you need to do is to look at the problems in other schools to know what's going to happen here," says Math Teacher Keary. "The public schools just don't work for these kids...