Word: itt
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...After merging the two companies into a $1.2 billion firm, Weinstock will repeat the renovation he carried out at G.E.C. He is expected to phase out unprofitable manufacture of heavy generators and transformers, concentrate on telecommunications and electronics, in which the company can compete against such foreign firms as ITT and General Telephone & Electronics Corp. of the U.S., Europe's Philips and Siemens A.G. and Japan's Nippon Electric Co. Ltd. "The future," insists the young executive, "lies with the giants." And Arnold Weinstock obviously classes himself with the giants...
...hitting the European capital market through a Luxembourg holding company came into vogue among U.S. companies. Mobil Oil, the first to be enticed, organized Mobil Oil Holdings, S.A., and in June 1965 floated a $28 million bond issue to finance foreign operations. Uniroyal, Bankers Trust, Du Pont, Alcoa, Honeywell, ITT, and Standard Oil (Indiana), among others, followed Mobil's lead...
...plans to return. Among these are Goodyear Tire & Rubber Co. and Lever Bros. Others, enticed by a four-year tax holiday and easy repatriation of profits, are showing interest. The Freeport Sulphur Co. is prospecting for copper and stands ready to invest $75 million if sufficient ore is found. ITT has signed a $6,000,000 contract to build a satellite relay station near Djakarta...
...each of 5,500,000 Sheraton shares outstanding. Making the $193 million bid was Harold S. Geneen (TIME cover, Sept. 8), chairman-president of the vast conglomerate International Telephone & Telegraph Corp. Sheraton and its 129 U.S. hotels and motels, together with 25 overseas, should fit nicely into ITT's "consumer services" group, which already includes Avis, Airport Parking Co. and 16 Holiday Inn franchises. For the time being, at least, Geneen will let Henderson and Boonisar run his 45th acquisition...
...firsthand idea of how booming was his new business; at 1 a.m., with the suite's beds spoken for, not a hotel room was to be had in Boston. "To hell with it," snapped the new innkeeper, who then flew back to his New York apartment aboard an ITT Gulfstream...