Word: merger
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Dates: during 1950-1959
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...been climbing, Northwest Airlines has just barely managed to hold its cruising altitude. In the industry, the talk had it that Northwest's problems were due to maintenance and pilot trouble, plus mounting costs and increased competition. But a group of Eastern investors who recently blocked a proposed merger of Northwest and Capital Airlines seemed to have a different idea. They apparently thought that what the line needed was a change in the operations office...
Although the vote was taken early last summer, Librarian Keyes D. Metcalf withheld announcement of the result until late last week. According to Metcalf, chief exponent of the merger, it was agreed in July "that the changes should not be carried out at this time, and that further consideration should be indefinitely postponed...
...merger was originally proposed as a space-saver, since it would eliminate over 2,000,000 duplicate cards. Metcalf proposed to move the second-floor catalogue--which contains listings by author, subject, and title--into the first floor Union Catalogue--which has listings, by author only, of almost every book in the University...
Crities held that the consolidation required under the merger plan would cost more than the saving of space justified. Further, they argued that with each book listed under only one card, loss of that cad would mean loss of the book...
...passengers to each other. Last week, with the blessing of CAB and stockholders of both lines, they merged. The new line will be known as Braniff. Mid-Continent's stockholders will trade 1½ shares of their stock for one share of Braniff's. The merger boosts Braniff's domestic routes from 4,831 miles to 10,234 (plus 7,599 miles of routes in Latin America), increases the number of its planes from 32 to 58, and makes it the world's twelfth biggest airline...