Word: inces
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Dates: during 1950-1959
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COLGATE-PALMOLIVE CO. is close to buying Buffalo's Wildroot Co., Inc., makers of hair tonic, for about $10.5 million. Wildroot, which has been talking merger with several companies, reports: "The Colgate deal looks good...
...expansion costs have cut profits. Last week Sheraton announced that earnings for the six months ended Oct. 31 dipped to $1,810,881 from $2,481,549 in the same period last year. Another reason for the drop was that a subsidiary, Thompson Industries, Inc., which Sheraton bought in a burst of diversification in 1946 and which has grown into a $23 million-a-year auto-parts maker, suffered from the auto recession. Also, Sheraton has been building and buying so much that it plans soon to float a $25 million nonconvertible debenture issue carrying a fat 7½% interest...
...future there will be "no restrictions as to sex," Shenefield said. In a three hour meeting the administrative staff of WHRB approved by a two-thirds majority an amendment to the by-laws of the Harvard Radio Broadcasting Co. Inc., which would provide "voting rights and eligibility for executive positions on equal terms for Harvard and Radcliffe members...
...Kure, Japan, the onetime Japanese Imperial Naval Yard, now operated by U.S. Tanker Tycoon Daniel K. Ludwig's National Bulk Carriers, Inc., launched the world's largest tanker, the 104,500-ton (loaded) Universe Apollo. The first of five planned supertankers, the Universe surpasses the largest previous bulk carriers, Ludwig's 85,000-ton tankers. With a length of 950 ft. and a beam of 135 ft., Universe Apollo is the widest merchant ship afloat, and the third longest (ranking after the Queen Elizabeth and the Queen Mary...
Helios is the latest model of Revell, Inc. of Venice, Calif., the world's largest maker of plastic model kits (nearly 30 million sold last year), whose retail sales have rocketed from $2,250,000 to $35 million in only ten years. Says Revell's 41-year-old President Lewis H. Glaser: "Assembling models is the nation's leading hobby. It even beats stamp collecting." This year total model kit sales will account for $75 million of the $1.5 billion spent on toys. Among Revell's new models for Christmas buying: a three-stage manned rocket...