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...Kaiser-Frazer Case, in which Cyrus Eaton's Otis & Co. backed out of a stock-floating deal with K-F. K-F lost a $3,123,743 suit against Otis because it misrepresented its earnings in its registration statement of the stock issue. The SEC showed bias against Otis and in favor of K-F, said the committee, and still has a fraud charge pending against Otis. "But, at the same time," said the committee, "[it] has not moved against Kaiser-Frazer . . . although the charges and countercharges arose out of the same transaction." The Heller subcommittee called...

Author: /time Magazine | Title: GOVERNMENT: More SEC Scandals | 12/15/1952 | See Source »

...cartoons on the social and political scene as it was for its humor. Punch shocked the world by printing Thomas Hood's "Song of the Shirt," a poem that bitterly described the sweatshops of the Industrial Revolution, and during World War I, Punch's attacks on the Kaiser were so pointed that the Germans put a price on the editor's head. Last week Punch took a long step toward bringing its writing up to par with its cartoons. For the first time in in years, the board named a newsman as its editor: the London Daily...

Author: /time Magazine | Title: The Press: Punch's New Punch | 12/8/1952 | See Source »

...Nashua, N.H., which has lost 4,000 jobs since Textron decided to close its mills in 1948, has lured 26 new companies to the area in recent years and now has little unemployment. When Henry Kaiser starts electronics production there next month in an old Textron plant, more than 1,000 additional jobs will open...

Author: /time Magazine | Title: INDUSTRY: Yankee Renaissance | 12/8/1952 | See Source »

...Walter Kaiser uses about the same approach in his piece on Cezanne, Aix-en-Provence. The meter he choses (unconsciously or not) contributes powerfully to his thoughts on imponderable nature, giving balance and clearness to the total meaning. Tending towards obscurity, Robert Layzer presents a tribute to She Voyages which becomes entangled in odd grammar and unconnected images. Regrettably, he is unable to control some highly imaginative metaphors. What Winifred Hare means to imply in her caption, Song for Two People on Three Instruments, I will not venture to guess. Regardless of what she refers to, her piece creates...

Author: By Jonathan O. Swan, | Title: The Advocate | 12/6/1952 | See Source »

...clear that the quintuple fumbles on the C-119 had kept K-F afloat. Last week Kaiser reported that K-F was in the black for the first time in four years, with a third-quarter net of $344,064. All the profit was due to defense work, chiefly the C-119 contract; K-F's auto operations lost $175,094 in the quarter. In the first nine months of 1952, said Kaiser, the company lost $8,700,000 on $98 million in auto sales, whereas on $17 million more in defense work it netted...

Author: /time Magazine | Title: AVIATION: More Trouble for K-F | 11/24/1952 | See Source »

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