Word: inces
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Dates: during 1950-1959
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...year, including allowances), Navy Captain Chester W. Nimitz Jr., son of World War II's Pacific Fleet commander, made a hard decision: he will resign from the Navy (with the rank but not the pay of rear admiral*), take a higher-paying job with Texas Instruments Inc., an electronics firm. His seadog father, he said, did not want him to resign, but "understands the situation." Some 88 other Navy captains understand the situation and have applied for retirement this year, including famed Sub (U.S.S. Tang) Commander and Medal of Honor Winner Richard H. O'Kane. A slim hope...
...better than $51.5 million, expects to set new highs all around for 1957 as a whole; Jones & Laughlin Steel Corp. and Lukens Steel Co. both bettered last year's records, Lukens with a 16.2% jump to profits of $2,613,666 for the second quarter. Safeway Stores, Inc. reported a second-quarter profit of $7,390,260, some 33% better -than 1956, while Macy (R.H.) & Co., Inc. predicted sales for its fiscal year ending Aug. 3 at just under $450 million, with profits of at least $6,800,000, up $452,000 from last year...
This long-discussed system remained largely a dream for 50 years. But last week Northrop Aircraft, Inc. recorded the results of seven years of experimentation with "low drag boundary layer control." After elaborate tests with models in wind tunnels, Northrop engineers fitted the wing "of an F94 jet fighter with a "glove" containing twelve slots running lengthwise along the wing. A suction pump driven from the main engine pulled air into the slots and pushed it out astern with the rest of the jet's gases, adding a little to the thrust. The reduction of drag was extraordinary, even...
...persuasive Wayne G. Current. Live-wire Current, who quit the paper when Publisher McDowell cut commissions, decided to rally financial support for a new daily in Lima, and approached Sam Kamin and James A. Howenstine, two self-made industrialists who head Lima's Neon Products, Inc. (1956 gross: $7,000,000). The partners put up $100,000 and, at Current's suggestion, decided to sell $200,000 worth of stock in order to make the new paper a community project. Its name: the Lima Citizen. Of more than 1,000 Limaites who bought up the shares, only some...
...Diamonds. The first diamond-point needles produced by a new, cost-cutting automated process were put on national sale by Walco Products, Inc. Walco will treble output to 3,000,000 needles a year, price them so low that makers of medium-priced hi-fi sets can afford to supply diamond needles as standard equipment. Retail price...