Word: mammoths
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...million worth of business a year. Auto advertising is also increasing. Everywhere there is a big buildup of service stations. The country does not have enough first-class roads and is undertaking an expensive program to build 8,000 miles of highway. But until these roads are completed, mammoth slowdowns will persist. On one sunny Friday, the rush of cars from Sāo Paulo to the beaches resulted in a 50-mile traffic backup...
...other fields. Along with low labor costs, they get easy access to Asian markets from Singapore's key location at the tip of the Malay Peninsula. Swan Hunter International, a British shipbuilding and repairing firm, is using that geographical fillip to advantage. Noting that no fewer than 127 mammoth tankers of more than 200,000 tons are on order throughout the world, the company is expanding repair facilities at the naval base to handle the ships that will pass by Singapore en route from Japan to the Persian Gulf...
When the securities actually change hands next month, Lytton S&L plans to merge with two smaller Southern California savings-and-loan associations, Equitable of Long Branch (assets: $318 million) and Mission of Santa Ana (assets: $39 million). The mammoth merger was approved by the Federal Home Loan Bank Board two weeks ago, but financial men are more fascinated by the audacity of the move than by its size. Says one competitor: "Wellman is converting three alley cats into a pedigreed lion...
...year of mammoth mergers, one of the main events came last September when Rochester's Xerox Corp. and Manhattan-based C.I.T. Financial Corp. announced plans for a union. The deal would have involved a swap of Xerox stock then worth $1.5 billion and created a hefty new conglomerate with assets of $4.5 billion. The agreement was based only on a handshake, but Xerox President C. Peter McColough cheerfully predicted that the merger would provide his company with "a much broader base than we now enjoy, enabling us to accelerate our plans in several fields...
...mound they are excavating lie the remains of a neolithic community that thrived as early as 5500 B.C. The find upsets earlier theories, which held that neolithic man had never ventured into such inhospitable surroundings. And unlike other neolithic settlements, the Peabody dig is surrounded by remnants of a mammoth wall, 7 ft. high and 20 ft. thick. Behind it the archaeologists have uncovered a series of tiny chambers that they believe may lead to an unexcavated temple...