Word: industrialists
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...long-range equipment, plus the difficulty of battling the established carriers, proved too much for Northeast; the line went more than $44 million into the hole during its seven years on the run. For the past 2½ years, it has been kept aloft only by financial transfusions from Industrialist Howard Hughes, whose Hughes Tool Co. owns 80% of Northeast's stock. To soften the effects of its decision, the CAB offered to grant Northeast a subsidy; by coincidence, the offer came on the same day that the White House released a special CAB proposal to reduce drastically...
Some observers reckon that Ludwig would like to fashion a fully integrated oil complex-wellheads, tankers, pumps. Doing things, not basking in the glow of achievement, seems to be his goal. Like Industrialist Howard Hughes, he is usually inaccessible, rarely interviewed, seldom seen even by his lawyer. His off-hours, like any suburbanite's, are invested in fighting the crabgrass on the lawn of his modest home in Darien, Conn., where he lives with his second wife (he has one stepson). Early-morning commuters do not recognize this unobtrusive suburbanite for one of the world's wealthiest...
When German Industrialist Friedrich Flick reached his 80th birthday this month, he celebrated by donating more than a million dollars to charity and scientific research. Flick's generosity is one result of a remarkable accomplishment: the reconstruction of his personal fortune. Just 13 years after his release from Landsberg prison, where he served five years of a seven-year term for using Nazi slave labor in his factories, Flick once again heads Germany's biggest and most powerful industrial empire. He controls an interlocking maze of 156 companies in autos, steel, chemicals and paper whose annual sales total...
...shiny new plants in Shannon, Cork, Limerick, Dublin and Killarney ("Just like the Black Forest," says a West German industrialist who has built a factory there) have worked no economic miracle in Ireland to compare with Europe's boom. But industrial production has risen 20% in three years...
...Dynamics Corp. and Vickers-Armstrongs Ltd. moved to repossess their planes after a CAB examiner recommended that Northeast be refused a permanent certificate to fly the Miami-New York run. Without this route, most airline experts feel, Northeast has next to no chance of survival. Through his attorneys, elusive Industrialist Howard Hughes, who controls Northeast, began intense negotiations to stall off Vickers and General Dynamics until he can line up other planes to keep Northeast flying. He obviously hopes to find a merger partner, but since Northeast is staggering under a $60 million debt, a merger may be difficult...