Word: frazers
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...troubles of WSB are nothing compared to those of OPS. Last week there was a rash of new price boosts-aluminum up 1? a lb., Kaiser-Frazer cars $54 apiece, cotton $5 a bale, manganese $40 a ton (which will boost the cost of making steel an average...
...that it was again taking as long as eight weeks to get delivery on a Ford or Chevrolet, and four to six months on a Cadillac. Independents, whose sales had been soggiest, shared in the rise; Hudson's sales were up 40% for April and May, and Kaiser-Frazer's also gained. The buying impetus spilled over into appliances; General Electric reported its May sales of major appliances up 24% above April, while Philco said its refrigerator sales were the best for any week since April...
...contracts are worked off, ACF-Brill will have upwards of $10 million in working capital, which Foremost can use for further expansion. But Wall Streeters suspected that a very important reason for the merger was similar to that which had encouraged Floyd Odium to consider buying money-losing Kaiser-Frazer Corp.: the advantage of taking over a company's past losses to offset the buying company's excess profits taxes (see Taxes). ACF-Brill, with $25 million in invested-capital tax base and some fat losses (a three-year total of $5,569,583) to its credit, would...
Chairman Floyd Odium waved gaily at familiar faces. Everybody relaxed under Odium's charm and talked of the Big Deal, Atlas' purported merger with Kaiser-Frazer, which had kept Wall Street and Los Angeles abuzz for three months. Now they expected to hear all about it from the master financier...
...first glance, said Odium, the proposed deal had looked attractive. There were reasons why it should: Convair could use K-F's big Willow Run plant to make aircraft; in peacetime, it could make automobiles; moreover, Kaiser-Frazer had piled up some $49 million in losses which the merged companies could use as an offset against Convair's excess-profits taxes...