Word: goodyears
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Unknown Treasure. Nevertheless, several Western firms that had their property taken over by the Sukarno regime see a better economic climate under Suharto and are making plans to return. Among these are Goodyear Tire & Rubber Co. and Lever Bros. Others, enticed by a four-year tax holiday and easy repatriation of profits, are showing interest. The Freeport Sulphur Co. is prospecting for copper and stands ready to invest $75 million if sufficient ore is found. ITT has signed a $6,000,000 contract to build a satellite relay station near Djakarta...
...sampling: Gianni Agnelli, chairman, Fiat; George W. Ball, chairman, Lehman Bros. International; Eugene Black, director, Chase Manhattan Bank; Norton Clapp, chairman, Weyerhaeuser Co.; Howard L. Clark, president, American Express; Russell R. De Young, chairman, Goodyear Tire & Rubber Co.; Floyd D. Hall, president, Eastern Airlines; Robert V. Hansberger, president, Boise Cascade; John D. Harper, president, Aluminum Co. of America; Earl B. Hathaway, president, Firestone Tire & Rubber Co.; H. J. Heinz II, chairman, H. J. Heinz Co.; Robert C. Hills, president, Freeport Sulphur Co.; Edward B. Hinman, president, International Paper Co.; Dr. Koji Kobayashi, president, Nippon Electric Co.; Rudolph A. Peterson, president...
...becoming assistant secretary to Humble Oil & Refining Co., Charles Goodyear, 33, has moved six times in eleven years. Until he landed in the head office in Houston a year ago, his nine-year-old son had never finished a single grade in the same school in which he began it. Johnson Wax moved Ed Furey, 30, from Racine, Wis., to New York to Chicago, where he is re gional office and warehouse manager, all in the past ten months - and Furey's son went through kindergarten in three different schools as a consequence. Last year Union Carbide moved...
...towns are prospering, often because the developer acquired strategically placed land decades ago at a bargain price. Around Los Angeles, not only the Irvine Ranch (TIME, Sept. 22) but also Valencia and Janss-Thousand Oaks are being transformed into cities by the families that once only farmed them. Goodyear Tire & Rubber Co. is converting its onetime cotton farm outside Phoenix, Ariz., into Litchfield Park, a planned town for 100,000. McCulloch Oil Corp. has attracted more than 2,500 settlers to its resort-and-industry town of Lake Havasu City in the sparsely inhabited Arizona desert along the Colorado River...
...corporate and personal income taxes-which would further erode corporate profits-seemed to curb investors' appetite for industrial stocks. While some high-flying issues floundered-among them Xerox, Polaroid, Itek, Teledyne and Fairchild Camera-old favorites moved up nicely. General Motors gained $5.25, to $84.88, and Bethlehem Steel, Goodyear, Standard Oil of California, Chrysler, and General Electric also gained substantially. American Telephone & Telegraph rose 88? a share to $53 after the company announced that it will fight a Federal Communications Commission finding that it is making too much money for a public utility. Long among the most depressed...