Word: kaisers
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After 3^ years and more than 3,200 pages of court testimony, Henry J. Kaiser finally laid an old enemy low. He won his breach of contract suit against Otis & Co., Financier Cyrus Eaton's Cleveland underwriting firm. In 1948, Otis & Co. signed up to help float 675,000 shares of Kaiser-Frazer stock at $11.50 a share; under the contract, the underwriters could bail out if anyone should try to block the stock issue in court. At the last minute Eaton bailed out, using as an excuse a suit against K-F to prevent the stock issue...
...Kaiser Magnesium Co. this month reactivated the 20-million-lb.-a-year U.S. magnesium plant at Manteca, Calif...
...Kaiser Aluminum & Chemical Corp., already the third biggest producer of aluminum in the U.S., last week was granted tax advantages to expand still further, boost its capacity another...
...rest of Henry Kaiser's 16 enterprises were solidly in the black, owed the Government no money, and were spending $130 million in private capital on expansion. Among them...
...Kaiser Steel Corp. has just added an eighth open-hearth furnace to boost ingot capacity to 1,380,000 tons...