Word: litton
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Ironically, this frenzied activity is occurring at a time when many corporate empires built on mergers are crumbling. Conglomerates like ITT, Gulf & Western and Litton, which grew into unwieldy monsters by gobbling companies in a wide range of unrelated industries, are now disgorging myriad properties. Last June, for example, G & W sold $1 billion worth of subsidiaries to Wickes, which was itself once forced into bankruptcy partly because of a disastrous acquisition. Smaller companies, too, are finding that it pays to get back to basics. Last week Colgate-Palmolive said it plans to sell its athletic-equipment division and several...
...mass production of the AIDS virus was announced in Washington, Health Secretary Heckler vowed that blood-screening tests would be available in record time. Medical scientists made good on that promise within nine months. Still, the fact that the test kits, manufactured by Abbott Laboratories, Electro-Nucleonics and Litton Bionetics, were produced in crash programs prompted many fears about the reliability and precision of the tests. Of particular concern was the chance that too many blood samples would register an incorrect positive reading, falsely suggesting the presence of AIDS antibodies. Last week, an NIH conference on the blood tests brought...
...venue has been exactly the same for the past three years, nothing’s changed,” Litton said...
...Wayne P. Litton, the owner of Fun Ventures, said this was the third consecutive year his company had provided the rides and games essential to Springfest...
...Litton said that anyone over the age of 16 could participate on any of the rides...