Word: fairchilds
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...losers in the F-15 race suffered a severe blow. Maryland-based Fairchild Hiller Co. (1968 sales: $244 million) saw its hopes of suddenly becoming a major aerospace firm dashed. Bigger North American Rockwell ($2.6 billion) badly needs new business to offset declines in its Apollo program work. The company spent $25 million on its bid, but now layoffs are in prospect...
When Roseberg tried to sell the invention to several major corporations, including Fairchild Camera & Instrument Corp., he met only indifference. Reluctantly, he turned again to Zeiger for financial help. They formed "RX COUNT Corp." in Hawthorne, Calif., produced 75 pill counters, and leased them to Los Angeles County drugstores for two years of testing and refining. Roseberg and Zeiger concluded that leasing would be more profitable for them and more convenient for many druggists, who are reluctant to buy new equipment outright...
...SOUND OF MURDER echoes in the voices of a wife and her lover who plot the perfect solution to a husband who won't grant a divorce. The drama, by William Fairchild, stars Jeannie Carson, Hurd Hatfield and Biff McGuire. Dennis, Mass., Aug. 11-16; Skowhegan, Me., Aug. 18-23; Ivoryton, Conn...
...president of the $351 million Channing Growth Fund. Channing ranked high in 1967, when it grew 47%; last year, with a growth of 2.6%, it was 296th. Like the Manhattan Fund and many other big funds, Channing was heavily invested in the more seasoned glamour stocks-Ling-Temco-Vought, Fairchild Camera, Polaroid-that declined during the stock slump before Lyndon Johnson's March 31 renunciation, and have been slow to recover. Big funds cannot move out of such stocks quickly without upsetting the market; but smaller funds can-and they did. In a highly selective market, says Channing...
...Negro-owned businesses have foundered. In Pittsburgh, a Negro druggist failed after he converted his pharmacy into a pinball parlor, whose dime machines produced a much lower return, than high-markup drugs. Hard times have hit Fairmico, a boxmaking company formed last April in Washington, D.C. Owned by Fairchild Hiller and a local Negro community group, it is Negro-managed and hires only the hard-core jobless. Absenteeism has run high, and some drug addicts have taken injections right on the factory floor. But, despite such .problems, many other new enterprises are doing surprisingly well...