Word: ince
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Dates: during 1960-1969
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World Friendship, Inc...
...raised cash, Thornton and Ash bought Litton, then a small microwave tube manufacturer, and began broadening its spectrum by picking up a handful of other small electronics firms. As its stock soared. Litton found it easy to swap shares for control of larger companies. By acquiring Digital Controls Systems Inc., it got a foothold in the manufacture of compact computers that make as many as 15,000 calculations per second for aircraft in flight. A merger with Monroe Calculating Machine Co. gave Litton a chance to apply its electronic talents to the burgeoning business-machine field, with the head start...
...Brown says, "you've got to offer something besides lower prices." What they are promising is better service, though volume is still their stock in trade, and they sometimes seemed to be offering 25% off for rudeness. Big discounters such as the East's E. J. Korvette, Inc., New York's Friendly Frost chain, and Chicago-based Goodman's Community Discount Stores are opening new branches with piped-in music and fancier displays to shuck off "that warehouse look," adding such customer lures as charge accounts and home delivery. In the eight-story branch he will...
...Ever since California-based Safeway Stores Inc. invaded the East Coast in the early 19405, its 164 New York City area supermarkets have been consistent money losers. Last week Chairman Robert Magowan, 57, sold off the New York stores for an estimated $25 million to First National Stores Inc. The sale was part of Magowan's tough-minded drive to streamline Safeway, which with 2,216 stores is the nation's second largest (after A. & P.) retail food chain. Since he took command at Safeway in 1955, Magowan has sharply pared headquarters staff, ruthlessly closed obsolete stores...
...first place." For the Justice Department, Miner's decision was a bitter blow, coming as it did two weeks after a Dallas judge had similarly refused the department's attempt to bar the merger of aircraft-making Chance Vought Corp. into Ling-Tem-co Electronics Inc. But at week's end, as the two Chicago banks became one, a Justice Department spokesman coldly warned: "We still plan to go to trial...