Word: mergers
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
Trouble was a mild word for Studebaker-Packard's plight. Instead of the strengthening expected from the October 1954 merger, the combined company has been losing money heavily. Production is running 30% below 1955, the backlog of Packards in dealers' hands is big, and the company has used up nearly $25 million of its $45 million line of bank credit...
...Last Sunday, in a kind of denominational dry run, some 500 ministers of the Congregational Christian Churches and the Evangelical and Reformed Church anticipated their official merger in June 1957 by a countrywide exchange of pulpits...
...Great Invention. When American Express was formed 106 years ago, out of a merger between three eastern companies, its founders had no thought of handling anything but freight and money. Co-Founder Henry Wells in 1841 had pioneered express service from Manhattan to Buffalo, later began New York-Buffalo mail service by printing orange stamps and carrying letters for 6? v. .the 25? Government postal rate. As a result, the U.S. Post Office set up a nationwide 3? postage in 1848. American Express helped build its freight business by introducing C.O.D. shipments, but the most important American Express invention...
FIRST UNION MERGER under the newly combined C.I.O.-A.F.L. will bring together two big rivals in the packing industry. The A.F.L.'s Amalgamated Meat Cutters and the C.I.O.'s United Packinghouse Workers have agreed to join, with 450,000 members...
...MERGER TALK is buzzing between International Telephone & Telegraph Corp. and Underwood Corp. I.T. & T. (1955 revenue: more than $400 million) and Underwood (1955 sales: $82 million) would each benefit from the other's automation and electronic work. Deal would probably involve some sort of straight cash transaction, since I.T. & T. policy is usually against stock swaps...