Word: frazers
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Dates: during 1940-1949
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...company was one of the underwriting syndicate, along with Cyrus Eaton's Otis & Co., which promised to float the third Kaiser-Frazer stock issue. When Eaton called off the deal (TIME, May 3), Allen stuck to his word, handed K-F a check for some $2,500,000, ready to take the loss. (K-F later returned the check...
Following' the lead of U.S. Rubber, eight other tire producers upped prices 4½% to 7½%. Kaiser-Frazer Corp. became the seventh automaker in six weeks to announce new price increases, ranging from...
...tried to hold the line, gave up-and handed out a 9 to 15? an hour raise. Firestone Tire & Rubber settled for 11?, United Aircraft for 10 to 20?. The Aluminum Co. of America offered 9 to 13?. Chrysler had followed G.M.'s lead, and now Kaiser-Frazer came across with 14.4?; Briggs Manufacturing, Nash and Packard with 13?. All told, some 250,000 hourly workers got pay boosts last week...
Three months ago, Eaton called off the contract for his Otis & Co. to underwrite $11.7 million of new stock for the Kaiser-Frazer Corp. (TIME, Feb. 23). His out was a suit filed by Stockholder James F. Masterson against K-F in connection with the new issue. (K-F's counsel called the suit a "phony.") When SEC began to investigate,Witness Eaton swore that he knew nothing about the Masterson suit until after it was filed...
...Kaiser-Frazer, which had lost heavily in last year's first quarter, reported a $2.3 million net for the first quarter this year (but this was less than 3% on gross sales of $79 million). For all of them, the jump in profits was due to the 35% or more increase in their gross...