Word: inc
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Dates: during 1960-1969
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Gavin, now president of Arthur D. Little, Inc., economic consultants, emphasized three "illusions," held in the State Department two years ago, that are showing up now in strained Franco-American relations. Some policy-makers then believed that President de Gaulle "wouldn't last long," that his nuclear policy would prove unpopular within France, and that "he wouldn't get rid of Algeria...
...Gabon, Dr. Albert Schweitzer, 88, showed that the years have not dimmed his credo of reverence for life. His visitors were St. Louis Ad Executive Lisle M. Ramsey and Ramsey's ten-year-old son Max. Representing a citizens' committee affiliated with Religious Heritage of America, Inc., Ramsey had trekked to Lambaréné to urge Schweitzer to undertake an eight-week tour of the U.S. "to inspire Americans." But Schweitzer, who this week observes his soth year in Africa and still works up to 18 hours a day ministering to the sick, politely declined. "Time...
Died. Carl Reinhold Hellstrom, 68, president since 1946 of gunmakers Smith & Wesson Inc., a Swedish-born engineer who joined the company in 1931, found it with no blueprints for its weapons, no research or engineering department, no catalogue of its thousands of tools, by World War II had so changed things that Smith & Wesson cornered 75% of U.S. Army revolver orders, has since all but pushed rival Colt's Patent Fire Arms Mfg. Co. out of the sidearms business; of a heart attack; in Newton, Mass...
...investigators found that the stock of a small Long Island firm called Technical Animations, Inc. had jumped immediately after the appearance of a story on the company in TIME, April 28. 1961. They discovered that Joseph Purtell, then business editor of TIME, had bought 2,500 shares of the stock shortly before and sold 1,000 shares shortly after the article appeared. SEC investigation also showed that Purtell had acted similarly in some 26 other cases during the last four of his 15 years as business editor. TIME did not know of these activities when Purtell was dismissed for unsatisfactory...
After years of work in the lab to improve the process, the company finally began to market a crude copying machine in 1950, but sales were disappointing. Changing its name to Haloid Xerox Inc., the company kept working on improvements and in 1960 introduced the 914. It was an immediate hit, and Xerox's sales began a spectacular climb, rising from $31.7 million in 1959 to $104.5 million last year. Earnings rose from $2,100,000 to $13.9 million. "In 1963," says Wilson, "we believe that over 2.3 billion pictures will be made on the 914, and each picture...