Word: inces
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Dates: during 1950-1959
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...broader audience for folk music in the U.S. than anyone realized, if it is presented "with a certain level of maturity" and "without distorting the ethnic values." To reach that audience. Belafonte decided this year to cut down nightclub dates, form his own touring company. "Belafonte Presents, Inc." will tour the country all summer, perhaps go to Europe, Africa and Asia next year...
...REVLON INC. will make bid for voice in management of Schering Corp., a top maker of Pharmaceuticals (annual sales: $55 million). After secretly spending $12 million for 150,000 shares of Schering stock in recent months, Revlon, whose cosmetics sales have almost doubled in past two years (1956 total: $86 million), holds an estimated 9% of company's widely distributed shares, probably the biggest block...
BIGGEST ANTITRUST FINE levied against single defendant under present laws was slapped on Safeway Stores Inc., second largest U.S. grocery chain (after A. & P.). Federal District Court in Fort Worth fined Safeway and its executives $187,500 after company did not contest charges that 150 of its stores in Texas and New Mexico sold groceries below wholesale cost to run out competitors in 22-month price...
...Ralph Lazarus, 43, fourth-generation retailer of the Lazarus merchant family, stepped up to president of Federated Department Stores, Inc., which grossed $601 million in the past year from its 38-link chain. His father, Co-Founder Fred Lazarus Jr., 72, moved up to chairman. Former Chairman Lincoln Filene, 92, also a founder and the dean of U.S. retailers, eased into the new job of honorary chairman. The executive switch means that Fred Lazarus will steadily relinquish more authority to his son, who in 22 years with the company following his graduation from Dartmouth has held every post from sales...
...balloon pilot, also got a paratrooper's rating by making ten parachute jumps. He learned to fly helicopters (often an unnerving experience for an airplane pilot) and took ten claustrophobia tests (24 hours each, sealed in a capsule). He worked with the experts of Winzen Research, Inc. of Minneapolis, makers of the balloon that he would "fly. For several weeks before the flight he was in rigid physical training...