Word: mergers
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Dates: during 1950-1959
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AMERICAN MOTORS "cannot lose money in 1958 and stay in the automobile business," warned usually confident President George Romney. Riding in red since its birth by merger three years ago, company this year will also "show substantial losses." Romney is setting 1958 sales goal of 150,000 cars-about 50% more than American will sell...
...BANKING GIANT to be formed by merger of three California banks will rank No. 7 in U.S., with assets of nearly $3 billion. If shareholders approve, as expected, Security-First National of Los Angeles (assets: more than $2.6 billion) will link with Security Trust & Savings of San Diego (assets: $152 million) and Citizens National Trust & Savings of Riverside ($202 million...
...Connecticut General plant, with its module of six feet carried throughout, its sweeping 470-ft. glass façade, cantilevered restaurant, airy, uncolumned work space, four tranquil yet exciting interior courts by Japanese Sculptor Isamu Noguchi, and separate executive block, is Bunshaft's bold merger of his principles with the company's needs...
...Whose masthead bears the tombstone of the last two Manhattan afternoon papers to die into merger: the World...
Seeking protection in a softening market, Mallory-Sharon announced a merger with National Distillers & Chemical Corp. to form the world's largest integrated producer of titanium and its lightweight cousin, zirconium. National Distillers will bring to the merger its new $24 million plant for titanium and zirconium sponge and a cushioning $22,650,000 Atomic Energy Commission contract for zirconium, which is used in reactors. More important, National has found a way to slash the sponges' high cost by using liquid sodium instead of magnesium in the reduction process. Together, the two companies hope to have enough resources...