Word: intendment
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Like the new steel contract that went into effect last week for 450,000 steelworkers, the aluminum agreement was hailed as noninflationary. Though they complain that their profits are inadequate, the aluminum companies do not intend to raise prices "because of world conditions." Both management and labor were obviously pleased at settling their differences without the help of a third party...
Before leaving for his swing around Western Europe. U.S. Secretary of State Dean Rusk let it be known that he did not intend to bring up the problem of the separate nuclear force that the French insist on building. As it turned out, it became the major issue of Rusk's trip. In effect, the U.S. is developing a new nuclear policy for Europe. The U.S. wants to avoid proliferation of H-bombs, and has in fact tightened up on control of its own nuclear weapons abroad. But Washington has realized that the French can at best be delayed...
...anything." Steen now operates two big Nevada cattle ranches, has branched out into other kinds of mining (lead, zinc, silver, gold and mercury), recently bought a New Mexico marble quarry, and is erecting an office building in Reno. Says the 42-year-old ex-prospector: "I don't intend to sit around and collect dividends...
Future spacecraft designed to cruise to the moon or Mars will have even more complicated control systems, on-course propulsion that can be turned on and off, and telescopes to track the earth, the sun and the target. If they intend to rendezvous with other spacecraft, they will probably carry radars for judging distances and intricate devices to bring the two ships together. But when their assured, experienced captains guide them into the velvet blackness, they will be using manuals based on the flights-and the mistakes-of such early pioneers as Glenn and Carpenter...
Options & Swaps. If the SEC agrees, eight senior executives who now own all of Papert, Koenig, Lois' stock intend to sell to the public 100,000 shares-or 20% of their holdings. After the sale, the agency's three top officers-Chairman Frederic Papert, 35, President Julian Koenig, 40, and First Vice President George Lois, 30-will still own 105,691 shares each. Though par value of the stock will be only 30? a share, Madison Avenue speculation is that the shares sold to the public may be offered for as much as $10 apiece. That would make...