Word: inces
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Dates: during 1950-1959
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...Hoffa acquaintance set up Test Fleet Corp., a truck-leasing firm, in the maiden names of Hoffa's wife (Josephine Poszywak) and the wife of his pal, Owen Bert Brennan (Alice Johnson). Test Fleet got its trucks through the good offices of a Detroit trucking firm, Commercial Carriers, Inc., which then leased the equipment back from Test Fleet. The wives invested only $4,000 in cash in the venture, borrowed $50,000 more-on a note signed by Commercial Carriers' owner...
...prosecution testimony, sleek-haired Robert Harrison finally decided to mine his own lode of dirt for some 60 stories a year on show folks, and in 1955 set up a West Coast smut station called Hollywood Research Inc. (TIME, March 11.) Man-and-womaned by Harrison's niece, icy-faced, flame-haired Marjorie Meade and husband Fred.* H.R.I, handed out checks at the rate of $10,000 a month in one six-month period to keep pay dirt oozing into Harrison's shabby Manhattan headquarters...
MOONSHINE WHISKY accounts for 25% of U.S. liquor consumption, says Licensed Beverage Industries Inc., and bootleg output of about 76 million gallons a year costs almost $1 billion in lost taxes. Law officers nipped 25,608 moonshine stills in 1956. Palatable Southern moonshine is now going into northern cities, is often used to refill bottles of name brands and sold in bars...
SCHERING CORP., a top ethical drugmaker (1956 sales: $57 million), will merge with $12.7 million-a-year White Laboratories (Feen-A-Mint, Aspergum) to fight current attempts by Revlon Inc. to win Schering control. If stockholders approve, Schering will swap about 11% of its shares for White, thus set up White group as a counterbalance to Revlon, which now owns 9% of Schering stock, probably the biggest single block outstanding...
Last week, as other stocks drowsed, Wall Street woke up to the wonders-and possibilities-of magnetic tape. The stock of ORRadio Industries Inc. jumped live points in a day to 23. Reason: ORRadio, one of the four major makers of magnetic tape (others: Minnesota Mining & Manufacturing Co., Audio Devices Inc., Reeves Soundcraft Corp.), is the fastest growing company in the new field. Its sales, which rose 62% to $1,600,000 last year, are expected to hit $2,500,000 this year and quadruple next year. This week in Opelika, Ala., ORRadio rushed to completion part...