Word: kaisers
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...recovery. After losing $25 million on its auto operations, Studebaker shut down its South Bend, Ind., plants in 1963, has since come back as a profitable maker of appliances, electric generators and other products. Wall Street has been full of speculation about possible A.M.C. merger partners-among them Litton, Kaiser, International Harvester and Sears, Roebuck...
...beer party. For others, though, Wednesday has turned out to be the busiest time of the week, and the library is always jammed with students catching up on assigned reading. "When I want to use a desk in the stacks, I have to get there early," says Dr. Grant Kaiser, chairman of the romance-languages department, "or I'm out of luck. They're all taken...
...Americans have Kaiser Wilhelm to thank for the Virgin Islands. Though U.S. Presidents had tried for 52 years to acquire the strategic Caribbean vantage points, it was not until Denmark-which controlled them for over two centuries-was threatened by the Germans in World War I that the Danes agreed to transfer the islands to U.S. custody. On March 31, 1917, the U.S. took title to its new possession for the fire-sale price of $25 million, paid in nearly 48 tons of gold bullion...
Home Capital starts with a modest nest egg of $2,000,000 put up by Plywood-Champion, Andersen Corp., Armstrong Cork, Kaiser Industries, Masonite and Reynolds Metals. By borrowing as much as twelve times that amount from banks and other sources of capital-much as consumer-and auto-finance concerns do-Home Capital expects to be able to make loans on some 7,000 homes within 18 months. The money will go primarily to buyers of new, one-family homes through mortgage bankers across the U.S. With more capital and borrowing, Home Capital aims at financing 100,000 homes...
...year history, Germany's Krupp industrial complex has often seemed as much a sovereign state as a business enterprise. Bismarck, the Kaisers and Hitler all courted the house of Krupp. Kaiser Wilhelm I called it "a national institution." Five generations of Krupps have made a proud point of imperiously waving away even bankers' questions about company finances...