Word: inc
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Dates: during 1960-1969
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Last week, in one of the year's more unusual mergers, Geneen agreed to buy Levitt & Sons, Inc., the world's largest home builder, for $92 million worth of ITT stock. The building company, which showed a whole industry how to change the face of postwar suburbia, would operate as an autonomous subsidiary under President William J. Levitt...
...Florida's Coral Ridge Properties and is now busy building a city for 60,000 residents near Fort Lauderdale. Pennsylvania Railroad's Macco Realty Co. is developing an 87,500-acre Rancho California community near Los Angeles with Kaiser Industries and Kaiser Aluminum & Chemical Corp. American Standard Inc., the nation's biggest plumbing manufacturer, this year joined a 4,500-house venture in California's Ventura County...
...brokers have ever heard of Cloverlay Inc., but in its own way it ranks right up there with Xerox as a growth stock. The plungers who risked $250 for a single share of Cloverlay stock in 1965 have since received splits and dividends that have boosted the value of each original share to $3,600. And that was two weeks ago. Last week in Manhattan, an ex-slaughterhouse laborer from Philadelphia named Joe Frazier stamped himself as the No. 1 contender for Cassius Clay's vacant heavyweight title by stopping Canada's durable George Chuvalo in the fourth...
...Frazier, 23, is Cloverlay Inc.'s only asset; the corporation pays his manager and all training expenses, gives Joe $100 a week plus bonuses. A 5-ft. 11½-in. 204-pounder with a crushing left hook, a swarming attack and basic notions of strategy ("I just want to put the other guy away as fast as I can"), Frazier hardly compares to Clay either in size or ability. But there are certain similarities. Like Cassius, Joe is an Olympic champion; he won the heavyweight title at Tokyo in 1964. Like Cassius, he is undefeated...
Died. Howard Black, retired executive vice president of Time Inc., who signed on in 1924 as one of TIME'S earliest advertising salesmen, from 1937 to 1941 presided over the fantastic growth of infant LIFE'S ad lineage revenues, then as longtime (1949-62) executive vice president was involved with all Time Inc. publishing operations, most notably the birth of SPORTS ILLUSTRATED in 1953; after a long illness; in Greenwich, Conn...