Word: industrialists
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Late last year, having lost all patience with capricious Industrialist Howard Hughes, a consortium of eleven U.S. banks and insurance companies did its best to put him out of the airline business. In return for a $165 million loan that Trans World Airlines desperately needed to finance its new jet fleet, the consortium obliged Hughes to place his 78% of TWA's stock in a trusteeship. Last week, clearly unfazed by his setback at TWA, wily Howard Hughes, 55, made a dramatic bid for re-entry into commercial aviation. His newest ploy: a request to the Civil Aeronautics Board...
...million overseas Chinese scattered throughout the lands and islands of Asia. In Thailand, Chinese celebrated Double Ten with firecrackers and dragon parades. In Hong Kong, Nationalist flags far outnumbered those of Red China. Most overseas Chinese still cautiously avoid total commitment to either side. Explained a Chinese industrialist in Hong Kong: "Just because we are anti-Communist doesn't necessarily mean we are pro-Nationalist.'' But Formosa is sure that the number of anti-Communists among the overseas Chinese is increasing...
...fund is perhaps unique in that it represents a joint gift of a labor union and a company, to honor an industrialist. Contributors to the gift are the Amalgamated Clothing Workers of America, Hart, Schaffner & Marx, with whom Kestnbaum was associated for 39 years, and the Meyer Kestnbaum Fund which was established to honor his 60th birthday and will form the nucieus of the new memorial...
...cameras. Eurista is a new FrenchGerman coalition making electrical resistors. Gasoline is now distributed in France and Germany by Desmarais. The Société Française PIC and Krupp recently signed an agreement to build a petroleum plant. "Within a few more years," says a West German industrialist wonderingly, "no government will be able to pull out of the Community. The businessmen won't let them." This is precisely what Jean Monnet is counting
Textile Tycoon Bernard Goldfine, 70, whose gift-giving ways forced the resignation of former New Hampshire Governor Sherman Adams as top assistant to Dwight Eisenhower in 1958, managed to land three more Government employees in hot water. Scarcely had the Boston industrialist been ensconced in Danbury, Conn., federal prison to begin a year-and-a-day stretch for tax evasion, when three of its staff-a janitor, a machinist and a cook-were suspended for helping him keep up illicit correspondence with friends on the outside. As for the gregarious Goldfine, he landed in "segregation," pending investigation of the alleged...