Word: itt
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Dates: during 1960-1969
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...After he downs his Maxwell instant coffee with Libby condensed milk, his wife, trim in her Lycra stretch bra, kisses him goodbye, leaving only a trace of Revlon lipstick. In his Ford Taunus, or G.M. Opel, fueled with Esso gasoline, he drives to an office equipped with Remington typewriters, ITT telex machines and IBM computers. While his wife runs a Hoover vacuum cleaner, a Singer sewing machine and a Sunbeam iron, he confers with his American advertising agency and stops at a branch of First National City Bank of New York. If he sneezes in the wintry damp, he pulls...
...rooms. Allstate S & L, taking over a tract of $45,000 homes from a bankrupt developer in Whittier, Calif., even gives a free Mustang to buyers who make a 20% down payment. Still, a few builders are thriving. With ample lines of mortgage credit, Long Island-based William J.L. itt expects a 20% increase in sales (to $89 million) and profits, has just announced plans to expand into the Chicago area...
...also have come to believe -after years of chauvinistic doubt-that U.S. capital and technology can benefit French industry. When Motorola offered to develop a semiconductor industry and invest generously in research, Debre gave the company permission to build a multi-million-dollar plant in Toulouse. Now General Electric, ITT and the Dutch Philips are vying to take over a French electric-equipment manufacturer, and the U.S. firms appear to have the edge. Says Debre's top aide, Antoine DuPont-Fauville: "We will try to preserve certain sectors that touch on our national interest, but in the future...
...International Telephone and Telegraph Corp. shareholders heartily approved a proposed acquisition of the American Broadcasting Company, which has annual sales of $400 million; the move would raise ITT from 31st largest U.S. corporation to a rank, according to Chairman Harold S. Geneen, "within...
...settlements negotiated by the Brazilian government in advance of court rulings, will probably follow similar patterns. On the ITT deal, for example, the Brazilian government will come across with $7,300,000. More than $3,600,000 of this has already been paid to ITT in American dollars; the rest will come in Brazilian cruzeiros as loans to Standard Eléctrica, S.A., ITT's manufacturing subsidiary in Rio de Janeiro, for plant expansion and modernization. In its negotiations, American & Foreign Power is asking for $8 million to $10 million...