Word: merger
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Dates: during 1950-1959
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Cars are 70% of Nash-Kelvinator's business, will become even more important when its merger with Hudson (TIME, Jan. 25) into American Motors takes effect at the end of this month. Hudson's cars, which have not been selling well, will probably be redesigned to bring them more in harmony with Nash body styles. To save money, production of both Nashes and Hudsons will be concentrated in Nash's Kenosha, Wis. plant, while Hudson's huge (3,000,000 sq. ft.) Detroit plant will get a thorough modernization for production of parts...
...MERGER of Eastern Air Lines and Colonial Airlines was vetoed this week by President Eisenhower, even though the Civil Aeronautics Board approved the deal, Ike's reason: Eastern had violated CAB regulations by buying control of Colonial before the board approved the merger...
...MERGER of 31 oil unions into one big industry-wide bargaining group is in the works. Delegates from the unions (mostly small independents, representing 212,000 workers), meeting in Philadelphia, have agreed on a constitution, will present it to the membership for ratification at their convention next August. Possible boss of the union: O. A. ("Jack") Knight, head of the 125,000-man C.I.O. Oil Workers' International Union, who will try to keep the whole big union in the C.I.O...
...National building codes be revised. 67. American Motors Corp., fourth largest automobile company, is a merger of: 1. Packard-Stude-baker...
Besides the obvious advantages expected from the merger (better care of patients, better facilities for training doctors and nurses), there were three which New Haven's medical top brass was too discreet to mention: 1) the center should attract wealthy patients who now go to Boston or Manhattan for major operations or treatments, 2) it will be able to treat patients with rare ailments, which medical students otherwise would never see, and 3) it should break down some of the town-v.-gown feeling which has resulted in Yale doctors' sending their patients to one unit...