Word: makers
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Dates: during 1950-1959
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MERGER PROPOSAL has been approved by directors of photographic equipment maker Bell & Howell (1958 sales: $59 million). Plan, subject to stockholder approval, calls...
...earnings soaring ($3.17 per share v. $2.79 in 1958) on only slightly higher sales than last year, its directors recommended a two-for-one stock split, boosted the annual dividend rate from $2 to $2.40. For Westinghouse, the nation's oldest (73 years) and second largest electrical equipment maker (first: General Electric), the split climaxed a three-year drive to reorganize the company and recover from a crippling five-month 1955-56 strike...
KAISER moved into automaking, and Edgar again got a big job-running Kaiser-Frazer. But the auto industry proved too tough to crack. K.-F. lost about $52 million before it stopped making passenger cars. Edgar cut the loss by buying up the assets of Jeep-maker Willys-Overland, now Willys Motors, which last year contributed $6,848,000 in earnings to Kaiser Industries. In 1954 he moved West to take charge of the Kaiser empire, and Henry J. headed for Hawaii to build a new empire there, including his latest enthusiasm: a $350 million resort-residential city on East...
...flying exploits, plus ten other books and many magazine articles. He came back to the mills in 1928, eventually earned about $250,000 from his writing. He consolidated the family properties, made good cloth, built the Springs Cotton Mills into the nation's third biggest textile maker. He made his mills represent the ultimate in good employee relations (swimming pools for the 13,000 workers, a beach resort, free junkets), his product the most racily advertised in the staid textile world. His most famed ad, captioned by himself and duly noted by the U.S. Post Office: a smiling Indian...
...humble hotdog is H.S.A.'s biggest money-maker. One year ago the Stadium Concessions Agency took over food and program sales at football games from an outside professional organization. Sales rose 25 per cent the first year and may go even higher this season. Net profit to the managers and employees of Stadium Concessions reached nearly $10,000, a fifth of the total for H.S.A. as a whole...