Word: makers
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Dates: during 1950-1959
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...Weld and Fred Vinton both lost, but not without showing the same hustle and drive that characterized the team effort. Tom Freiberg downed Weld, 6-3 9-7, and Sam Schoon-maker beat Vinton...
Though overall movie profits have plummeted, the prospects for profits on good pictures, says Krim, have never been better. "When you have a successful picture these days," says he, "the success goes beyond anything dreamed of years ago." When Hecht-Hill-Lancaster, now the most successful independent film maker, was just starting out, it asked U.A. to back it in what Benjamin called "a lovely picture we thought we might lose a little money on." It was Marty. It cost $300,000, has so far picked up $5,000,000 plus Academy awards...
Died. John S. Coleman, 60, president of Burroughs Corp. and onetime (1956-57) president of the U.S. Chamber of Commerce; of a heart attack; in Detroit. Under his leadership, Burroughs developed from a maker of adding machines to a diversified company pioneering the field of electronic computation...
...Eastern railroads skidded (TIME, April 14). the Erie wheezed in with a quarterly deficit of $2.800.000. pared executives' salaries by 10%. Chemicals and paper companies continued to feel the pinch. For Union Carbide, second biggest U.S. chemical maker (first: Du Pont), the first-quarter net tumbled to 70? a share v. $1.18 a year ago. International Paper Co. sales slipped 10% for the quarter, and earnings will show a sharper drop. In appliances. Whirlpool's per-share earnings were almost halved to 25? a share. Admiral Corp.'s earnings also dipped, and Philco "will undoubtedly show...
Trains & Trainers. The Fairchild parent company was known through the 19205 and 19305 as a camera-and-plane maker. Fairchild Engine & Airplane Corp. split off from the parent in 1936, started to diversify soon after World War II, when Dick Boutelle took over the presidency. A onetime Army Air Corps major who went to Fairchild in 1941, Boutelle decided that plane contracts alone were not enough to see the company through the postwar readjustment. Operating out of a trophy-filled office resembling the living room of a big-game hunter, which he is, Dick Boutelle's first move...