Word: inces
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Dates: during 1950-1959
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...supporting the five children (all under eight years old) of his Navy flyer son, who was killed recently in a carrier crash (another son is an Air Force B-52 pilot), turned in his resignation. Then he announced that in November he will become president of Grace Line Inc...
...strength of the Morgan contact, Clark branched out. made his first million in the '20s. In 1929 he founded his present firm, Ivor B. Clark Inc., and rode out the Depression comfortably by finding money for needy Wall Street investors to whom banks refused to lend a dime. Among his financial sources: Eccentric Millionheiress Hetty Green, who collected as much as 10% interest...
Automatic Mail Canceler. An automatic mail-facing and canceling machine that positions up to 500 letters a minute for canceling was introduced by Pitney-Bowes Inc. The new machine, being installed in post offices around the country, has been processing 27,000 letters an hour with a six-man crew, v. 16.000 letters an hour by a ten-man crew working manually. Price...
Last spring, when Publisher Samuel I. Newhouse went shopping for an anniversary gift for his wife Mitzi (TIME, April 6), he got more than he was looking for. In paying $5,000,000 for majority control of Conde Nast Publications Inc. (Vogue, House & Garden, Glamour and Bride's Magazine), Newhouse caught Conde Nast in the midst of negotiations to buy the U.S. publishing house, of Street & Smith. Last week Sam Newhouse, no man to duck opportunity, closed the inherited deal...
...full-page newspaper ads last week, another publisher clamorously announced a deal quietly swung four months ago. The buyer: the Hearst Corp., still (with 14 dailies) one of the largest U.S. newspaper empires. The buy: Avon Publications Inc., publishers of paperback books...