Word: mergers
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Dates: during 1960-1969
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...Penn Central, reporting for the first time since the Feb. 1 merger of the Pennsylvania Railroad and the New York Central, earned $13.4 million, or 16.6% more than last year's first quar ter, when the partners were competitors...
Language Barrier. The merger brings together two groups that have held certain common beliefs ever since their beginnings in the 18th century. The Methodist movement was founded in England by John Wesley, a highway preacher who challenged the antireligious skepticism of the Enlightenment by stressing austere living and personal salvation. The precursors of the Evangelical United Brethren sprang from a similar revivalist movement in Germany, and were popularly called "German Methodists." Transplanted to colonial America by early European immigrants, the two movements remained on friendly terms, their preachers often collaborating in frontier revival meetings. Merger had been proposed twice before...
...however, the leaders of both denominations proposed another plan of union, and the ensuing ecumenical movement within Christianity gave it impetus. Two years ago, the general conferences of the two churches finally approved the merger, which was formalized last week. With no basic differences in doctrine, the architects of the union have spent most of their time ironing out fine differences in structure-which has not presented a major challenge either, since both church bodies have been principally administered by their bishops, with no single national head...
...included in the merger is the Southern Methodist Church, a small branch of Methodism that boasts some 10,000 members, mostly in South Carolina. Southern Methodist University was founded by the Methodist Church, and the term Southern refers to its geographical location, not its affiliation...
Cold Cash. Ovral will be only the latest addition to American Home's highly diverse collection of scores of bottled, boxed, wrapped and canned products. Founded 42 years ago in a merger of a group of drug companies, American Home soon moved beyond the medicine cabinet. Though ethical drugs, ranging from antibiotics to Equanil to Sabin polio vaccine, account for 35% of sales, and proprietary drugs supply another 17%, American Home now reaches into such diverse lines as kitchenware and candy...