Word: firm
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Dates: during 1960-1969
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...Nitze's prickly personality, his academic bent, and his penchant for discussing far-out security and disarmament theories made him enough enemies over the years to deny him still higher office. He faced firm, if unofficial, opposition from a handful of conservative Republican Senators when the Eisenhower Administration proposed to nominate him to a high Defense Department post, and he withdrew from Government. Later, he was prominently mentioned as a candidate for a number of top-level jobs, but settled in 1963 for the relatively prosaic appointment as Secretary of the Navy, the post he has held ever since...
...that earned money on that kind of traffic. Or accomplishing unlikely mergers: in a recent move that caught Wall Street by surprise, Heineman announced that for cash and stock exchanges totaling $367 million, the C. & N.W. was acquiring Essex Wire Corp. (annual sales: $375 million), a Fort Wayne, Ind. firm that makes wire, cable, switches and auto parts in 54 U.S. and Canadian plants. The railroad seems to be getting a bargain. Essex itself last week announced that it was acquiring Stevens Manufacturing Co. and Boyne Products, Inc., both of them small manufacturers of control devices...
Last week tradition-loving Bostonians could hardly believe the news. Stockholders of the family-owned firm had just agreed to sell it (for some $10 million cash) to Laird Industries Inc., a newly formed subsidiary of Laird & Co., the New York stockbrokerage and investment banking house. Though Laird plans to keep the famous grocery line - and stylish manner - it will install as new president and chief executive Roger D. Williams, 42, former executive vice president of Rheingold Breweries. S.S. Pierce President Wallace L. Pierce, 55, a great-grandson of the founder, will stay on as chairman...
Perkins will find Dun & Bradstreet as complicated as a multiversity. The mainstay of the 126-year-old firm is still its credit-reporting service, whose 80,000 subscribers can get a rating on any of 3,000,000 firms. Dun & Bradstreet also publishes magazines, including Dun's Review, turns out Moody investors' manuals, is involved in plant-location studies through its recent acquisition of the Fantus Co. The Reuben H. Donnelley Corp., another subsidiary, puts out such bibles as telephone books and the Official Airline Guide. The parent company also operates a mutual fund, Moody's Fund...
...fishermen, like Otis Smith, who operates fleets and processing plants in New Jersey and Delaware, did not think it even worthwhile to join the chase. Others reduced their fleets: J. Howard Smith, Inc., of Port Monmouth, N.J., for example, sold one of its newest boats to an ocean-research firm...