Word: mergers
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Dates: during 1960-1969
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...Merger continues to be the name of the biggest game in U.S. business...
...housing's worst slump since World War II, one out of five home builders went out of business. As small firms vanish, giant combines rich enough to build on a huge scale are taking over. Big corporations such as ITT are increasingly joining forces with builders-often by merger, sometimes through joint ventures. Last year, for example, Westinghouse Electric acquired Florida's Coral Ridge Properties and is now busy building a city for 60,000 residents near Fort Lauderdale. Pennsylvania Railroad's Macco Realty Co. is developing an 87,500-acre Rancho California community near Los Angeles...
...Airlines, a smaller regional carrier that operates in the triangle-shaped area between Denver, Dallas and St. Louis. The combined lines would crisscross 14 Mountain, Midwest and Southwest states, serving a 7,465-mile route system, fourth longest (after United, Eastern and Delta) among U.S. domestic airlines. With the merger, Dymond expects Frontier to become the first of the regionals able to dispense with federal subsidy...
...eight-cylinder luxury job which cost so much to build that it lost money from the start. Simultaneously, the company started producing a loser on the other end of the scale: the onecylinder 13-h.p. Isetta. By 1959, the firm was so deep in the red that merger or absorption seemed inevitable. Rumors spread that several big firms, including Daimler-Benz and General Electric, were making bids. This so shocked proud Bavaria that a public campaign was begun to save the flagship of local industry...
...Failing Newspaper Act. All the sponsors come from states in which there are newspapers with similar joint operating arrangements. The bill would permit such setups as long as one of the consolidating papers "appears unlikely to remain or become a financially sound publication"; the bill also permits outright merger in the same circumstances...