Word: fairchilds
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Colt got the M-16 in a roundabout way. The new rifle was invented by a West Coast gunsmith, who sold the patent to the Fairchild Stratos Corp. Not equipped to make guns, Fairchild four years ago sold the rights to Colt, whose know-how quickly worked the bugs out of the gun. Colt needed a going thing. Having fallen on hard times after World War II, the company in 1955 was taken over by Penn-Texas Corp., which later became Fairbanks Whitney. A vast conglomeration of ill-matched companies, Fairbanks Whitney has run through four separate managements...
...SHERMAN FAIRCHILD JAMES A. FARLEY LOUIS FINKELSTEIN MORRIS FISHBEIN JOAN FONTAINE BENSON FORD HENRY FORD II FRANKLIN CLARK FRY G. KEITH FUNSTON
...hedge trimmers, grass clippers and other tools that are powered by a small nickel-cadmium power pack built into the tool or strapped to the user's belt. Remington, Schick and Norelco have battery-run shavers. Sunbeam has a cordless shaver and kitchen mixer, General Electric a toothbrush, Fairchild a home movie camera. Nickel-cadmiums also power a growing variety of other products, such as flashlights, cigarette lighters, radios, television sets and walkie-talkies...
TIME asked for, and was given, our cooperation in preparing its piece but unfortunately and inadvertently all reference to Women's Wear Daily's scoop was dropped. JAMES W. BRADY European Director Fairchild Publications of New York Paris...
...scenes of pandemonium reminiscent of 1929, the grey, fortresslike New York Stock Exchange shuddered and shook. Glamour stocks such as Brunswick Corp., Fairchild Camera and Xerox, which had been selling on the strength of capital-gains potential rather than current dividends, crashed to half or even a quarter of their 1961 highs. Mighty IBM, which had become more of a cult than a stock, plummeted from 578½ in January to a low of 300 in June. Dropping like a shot goose, the market lost $23 billion in paper values during a single hectic week in late May, and $21 billion...