Word: mergers
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Dates: during 1950-1959
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Development. A good man with a slide rule, and a born boss, he advanced to superintendent at Llewellyn, stayed with the company after a merger formed the Consolidated Steel Corp. in 1929, was executive vice president and director before his 32nd birthday. In 1937 he quit his job to set out on his own. First step: he helped organize the Los Angeles engineering firm of Bechtel-McCone Corp., which he headed. Second step: he married Idaho-born Rosemary Cooper. During World War II, Bechtel-McCone operated an Army Air Forces modification center...
...last week began the 3,000,000-member United Presbyterian Church in the U.S.A.-a merger of the 2,800,000-member Presbyterian Church in the U.S.A. (Northern) with the 300,000-member United Presbyterian Church of North America. The new body, the fourth major merger of this ecumenical century,* is the fourth largest Protestant denomination in the U.S.-after the Methodists, Southern Baptists, and the Negro denomination titled National Baptists, U.S.A. The merger was originally intended to include the Southern Presbyterians, but they withdrew from negotiations three years ago under pressure from the ultraconservative churches of the Deep South...
...both services, the merger made solid sense. Founded in 1907 by E. W. ("Damned Old Crank") Scripps, the bustling, colorful U.P. last year grossed $28.8 million, but its profit margins have always been as thin as newsprint. With the merger, the U.P. eliminated a pesky competitor, increased its domestic clientele by some 120 daily newspapers to a total around 950 (v. the A.P.'s 1,243), will have "available" the services of such well-read I.N.S. byliners as Bob Considine, Ruth Montgomery and Louella Parsons, who will remain on the Hearst payroll. There was no question about...
...When the merger was announced, the Department of Justice wondered if it did not violate the antitrust laws. But in basic news coverage, the undermanned I.N.S. was never in the running with its rivals. By the merger, the new beefed-up U.P.I, would become a news agency better able to compete in news coverage with the monolithic, nonprofit...
...area in which it could be most effective, training civilians in personal survival techniques, the OCDM has failed to arouse much interest. If Eisenhower's merger is completed, energy and funds should be channeled in this direction, rather than into areas of unrealistic military strategy. Eisenhower will pick one director, subject to Congressional approval, for the merged organization. With one director and one budget, the OCDM will be able to carry on its stockpiling of medical supplies in conjunction with the ODM's industrial program. Both economy and realistic thinking should result from the move...