Word: manufac
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...there have been rumors of large donations from industries in Japan and Korea, this is not the case. But Moon has interests in a number of businesses in many countries, among them South Korea's II Hwa pharmaceutical company, which exports ginseng tea, and Tong II Industries, which manufac tures air rifles. Moon exploits the talent and energy of his hard-core disciples, who go on the streets to sell flowers, candles, peanuts and ginseng tea. Their take is considerable-perhaps $10 million a year, and because his cult is legally a religion, all income is tax free. "They...
Like every other U.S. manufacturer, General Motors confronts a new legal threat called "strict liability" - the fast-developing doctrine that a manufac turer may be held liable for consumer injuries without being proved guilty of negligence in the manufacturing proc ess (TIME, Aug. 6). Strict liability lurks behind hundreds of pending suits that claim that the rear axle of G.M.'s 1960-1963 Corvairs caused oversteering and sometimes fatal accidents. But last week G.M. won the first of those suits - and in California, where the doctrine of strict liability is well established. In San Jose, G.M. successfully de fended...
...versatile tractors, once manufac tured by only a few companies, are now sold by 47. Sears, Roebuck so far is in the lead with three tractor models...
...Dacron came along has a synthetic product stirred such interest and aggressive merchan dising as Corfam, Du Pont's new substi tute for leather. Put on sale only two months ago after years of develop ment, Corfam is already made in 100 different shoe styles by 32 manufac turers, is in such demand that Du Pont's pilot plant at Newburgh, N.Y., cannot keep up. The company is build ing a full-scale Corfam plant in Old Hickory, Tenn., and another in Malines, Belgium, to supply the European mar ket, is spending $2,000,000 to promote Corfam...
...take-charge demeanor and his conservative appearance seem to have released a whole new outpouring of great expectations for the economy. Said Fred Kappel after the Washington meeting: "We have undiminished confidence in the economic and moral strength of the country." In Manhattan the normally undemonstrative National Association of Manufac turers pledged Johnson its "loyal support and cooperation," then predicted that 1964 would be as good for business as 1963 has been. At a Florida meeting of the Investment Bankers Association, President David J. Harris predicted a high-level economy next year and plenty of business for securities underwriters...