Word: largest
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Dates: during 1950-1959
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...Vice President Benson Ford (Air Corps captain), IBM Boss Thomas Watson Jr. (Air Corps pilot). While an aircraft-carrier deck officer in three Pacific battles, Indiana's J. Irwin Miller, 49, gained the confidence it took to build the family owned Cummins Engine Co., Inc. into the largest U.S. maker of truck diesels. Says he: "I found out I could hold my own away from home...
Fresh Approach. For Railway Express, a nonprofit corporation which deducts its operating costs from its revenues, passes the remainder on to 68 owner railroads, the Central's decision, effective in a year, was a critical blow, since it owns 14% of the agency's stock. Second largest stockholder (12.6%) is the Pennsylvania Railroad, which is also considering pulling out. If the Pennsy decides to do so, Western railroad officials concede that they will not be able to support the agency alone, will have to abandon...
...away to join 194 other planes already grounded indefinitely at airports around the U.S. Unable to reach agreement on a new contract covering its 1,500 American Airlines members, the A.F.L.-C.I.O. Air Line Pilots Association highest salaried and most intensively trained of all U.S. unions, had struck the largest U.S. airline, left thousands of holiday travelers digging desperately for other ways to get there...
...walkout meant that two of the four major U.S. airlines were at a standstill. Eastern Air Lines, largest operator on north-south air routes, has been strikebound since the flight engineers' union walked out Nov. 24 in a disagreement over jet crew makeup. With airline flights 60% of normal, and the first of the holiday traffic on the move, thousands of travelers last week milled around terminals, reached destinations by circuitous routes and even by railroads and buses. The irony of it all: just when U.S. commercial aviation was entering a brand-new era, it was being assailed...
...financial world has been "The Corner" at 23 Wall Street, home of the House of Morgan. From The Corner last week came news that J. P. Morgan & Co.. Inc. will merge with Guaranty Trust Co. of New York, provided the trustbusters approve, to form the fourth largest bank in the U.S., with resources of $4 billion, capital funds of more than $500 million...