Word: makers
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Dates: during 1950-1959
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...rebellion in 1925, a young gaucho leader named Oswaldo Aranha saved the town of Itaqui for the government by fighting off a rebel leader named Luis Carlos Prestes. Aranha spent the next year recuperating from a bullet-shattered leg, then went on to become a President-maker, a Cabinet minister for 12 years; he spent four distinguished years in Washington as Ambassador to the U.S., served once as U.N. General Assembly president. Rebel Prestes went on to become chief of Brazil's Communist Party, the hemisphere's biggest. Last week, while thousands watched a TV interview, old opponents...
...anti-depression drug introduced last year (TIME, Dec. 16), was sparked last week by the death of a San Francisco woman whose physician prescribed it. A coroner's jury ruled that her death (of hepatitis) was directly due to the drug, which is trade-named Marsilid by its maker, Hoffman-La Roche Inc. of Nutley. N.J. In January and February the drug house cut the recommended daily dosage for moderately depressed patients from 150 milligrams to a maximum of 50. It tried to notify most practicing U.S. physicians, but the information never reached the woman's doctor. Last...
DAIMLER-BENZ, maker of Mercedes autos, has bought controlling interest in Germany's Auto-Union, manufacturer of DKW cars, to form world's fourth biggest auto company, largest outside U.S. Daimler and Union had combined 1957 sales of about $525 million v. $500 million for Volkswagen, which has been fourth in industry...
Another attack on such chiseling by "a few unscrupulous dealers" is being led by Oklahoma's Democratic Senator Mike Monroney. He has sponsored a bill requiring that every new car in a showroom be clearly labeled with the maker's list price. Some Detroit carmakers are privately in favor of the bill as a way of regaining customer trust...
Thiokol has set its most ambitious expansion for next week: a merger with Reaction Motors Inc., a major maker of liquid-fuel rocket engines (TIME, May 27), owned 49% by Olin Mathieson Chemical Corp. and 23% by Laurance Rockefeller. The merger will give Thiokol all of Reaction's $16.5 million missile contracts, including those for the liquid rocket engines for North American's piloted X-15 plane, which is expected to climb to 100 miles, and may well be the first step to manned outer-space travel. With Reaction (1957 sales: $24 million) Thiokol expects to swell...