Word: ince
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Dates: during 1970-1979
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Making the trip were Robert Anderson, president, Rockwell International; George W. Ball, senior managing director, Lehman Brothers Kuhn Loeb Inc.; Louis L. Banks, adjunct professor of management, Massachusetts Institute of Technology; John R. Beckett, chairman, Transamerica Corp.; Philip E. Beekman, president, the Seagram Co.; James F. Bere, chairman, Borg-Warner Corp.; Theodore F. Brophy, chairman, General Telephone & Electronics Corp.; Philip Caldwell, vice chairman of the board, Ford Motor Co.; Michael D. Dingman, chairman, Wheelabrator-Frye Inc.; Edwin D. Dodd, chairman, Owens-Illinois, Inc.; Donald N. Frey, chairman, Bell & Howell Co.; W.H. Krome George, chairman, Aluminum Co. of America; Henry...
...says one Commerce Department economist, the nation has gone through "a punk quarter." Ice and snow so snarled transport, and the coal strike so curtailed electricity that national production showed little growth. Otto Eckstein, head of Data Resources, Inc., calculates that real Gross National Product rose only 1.5% in the first quarter. With the snow melted and miners back at work, Eckstein thinks real G.N.P. will show a catch-up surge of 7.5% from April through June. For the year, real G.N.P. is still likely to rise around 4.5%. The trick will be to keep inflation from speeding...
Five separate Massachusetts state agencies are currently investigating alleged political corruption and improprieties associated with the McKee-Berger-Mansueto, Inc. [MBM]--University of Massachusetts construction contract. The $6 million contract between the state and the MBM construction company led last February to the convictions of former state senators Joseph J.C. DiCarlo and Ronald C. MacKenzie on charges of extorting money from the company. The allegations of misconduct, however, did not end there, and the state is continuing to investigate the relations between MBM and state officials...
Harry N. Abrams Inc., the New York art-book publisher, bought the English-language rights, insured the risk by bringing in Bantam, the paperback house, as a partner and placed 40,000 copies on the market last fall under the simple title Gnomes. The book has sold 250,000 copies at a prepublication price of $14.95, and Abrams expects it to sell another 150,000 copies at the full price of $17.50. Abrams struck a crock of gold. Gnomes, says President Andrew Stewart, "will have a significant impact on our profits in 1978. We'd have a good year...
...business and legal communities were astonished in January when a federal jury of two men and eight women found Eastman Kodak Co. guilty of monopolistic practices in a case brought by New York-based Berkey Photo, Inc., a relatively small competitor. When the same jury last week fixed the penalty, the reaction was genuine shock. Kodak, said the jurors, should pay Berkey $37.6 million in damages-and that was just the beginning. Because standard procedure is to triple damages for violation of antitrust law, the court is expected to raise the award to $112.8 million, one of the largest judgments...