Word: firming
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Dates: during 1950-1959
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...construction firm owned by Hoffa front men used $235,000 in Teamster welfare funds as working capital...
While the common market's threat to U.S. business is plain, so are its enormous advantages. Says Dr. Lajos Schmidt, an international attorney who has helped many firms to go abroad: "The common market represents the first time that American industry can compete on an American basis in Europe." It will have close to 170 million people with high living standards-almost as large as the U.S. market. Many U.S. firms that could not afford to set up plants for any one of the six nations alone can well afford to do it for the whole market, have discovered...
...Though a firm can get its foot in the common market simply by licensing a European firm to manufacture a U.S. product, most U.S. companies, especially those already established in market countries, prefer to set up new branches or subsidiaries instead. They have found it best to buy existing plants, since building a new plant in Europe often means building housing for workers as well...
Many U.S. firms have discovered that the best and safest method is to buy a partnership in a European firm. Faced with much stiffer competition in the common market, European manufacturers are eager to get U.S. cash and technical know-how to help them meet it. A U.S. firm, on the other hand, can profit from its European partner's intimate knowledge of his market and area...
...least two U.S. filter brands - Kent and Hit Parade - carry less than 18 mg. of tar, while King Sano has 18.5 mg. and Parliament 19.6 mg., says Foster D. Snell, Inc., an inde pendent testing and research firm...