Word: kaiser
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Dates: during 1940-1949
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Autos. Henry Kaiser & Joe Frazer, who have been building cars at Willow Run under a lease with options to run for 20 years, made a deal with the War Assets Administration to buy the plant. They will get Willow Run for $15,100,000, about 35% of cost. Kaiser-Frazer will pay for the plant in 20 yearly installments...
Steel for Henry. When Henry Kaiser fell out with Cyrus Eaton, his Kaiser-Frazer Corp. lost its big supplier of steel, Eaton's Portsmouth (Ohio) Steel Corp. To plug the gap, K-F last week paid some $3.6 million for the Phoenixville (Pa.) plant of the Phoenix-Apollo Steel Co., which has a capacity of around 26,000 tons a month of finished and semi-finished steel...
...months of investigation, the Securities & Exchange Commission shelved its attempt to revoke the securities trading license of Cyrus Eaton's Otis & Co. SEC had little choice. It had hoped to prove that Otis & Co. had fraudulently wriggled out of a deal to underwrite a $10 million issue of Kaiser-Frazer stock. But the only way it could do so.was by proving that Otis & Co. had put Lawyer James Masterson up to filing the suit against K-F which had enabled Otis to call off the deal. Last month, a U.S. district court ruled that Eaton's lawyers...
Humming. The automobile industry was heartier than ever. Chrysler Corp. reported a record nine-month net of $59,887,601 (up 25%). Packard's net for the same period was $9,488,336 (v. a $131,478 loss in the 1947 period). Kaiser-Frazer turned in $8,253,451 after deducting $5,900,000 in taxes (v. $6,089,000 in the 1947 period, when no taxes were paid. K-F's earnings were tax-free because of a carry-back). But K-F's third-quarter net of $2,058,000 was almost 74% below...
...Theodor Plievier was one of that small, distinguished fraternity (including Arnold Zweig, Henri Barbusse, Remain Holland) who, after World War I, deemed it their duty to blow the gaff on military imperialism so thoroughly that a similar carnage could never come again. Plievier's main contribution was The Kaiser's Coolies, and after writing it, he fled into exile. Now, with an even more fearful war come & gone, 60-year-old Theodor Plievier has resumed his old theme song...