Word: mfg
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Pickup. A lawnmower-like magnetic "sweeper" to pick up metal scraps from factory floors has been developed by Homer Mfg. Co. of Lima, Ohio. Prices: from $124 to $856, depending on width and intensity of magnets...
Thus did Outboard, Marine & Mfg. Co., the General Motors of the outboard motor industry, unveil its 1955 lines of silent 3-h.p. to 25-h.p. Evinrude motors. With them-plus a similarly silenced line of Johnson outboards-Outboard, Marine's President Joseph G. Rayniak hopes to boost next year's sales 20% over 1954's record $70 million volume. He thinks that by attacking noise he is going after the outboard motor industry's No. 1 enemy...
...million in sales; now it is a $200 million business, with a 25% increase predicted for 1954, and its products are America's most popular gadgets. Old companies in the field have suddenly come to life, dozens of new ones have popped up. Such firms as the Rockwell Mfg. Co., DeWalt Inc. and Black & Decker Mfg. Co. have brought out whole lines of better, easier-to-use tools. Black & Decker alone has 150 models, now does a $35,648,000 business annually v. $5,346,000 in 1939. Other firms, such as Skil Corp., Shopmaster, Magma Engineering Co. (TIME...
Herbert Bergson, trustbuster for the Truman Administration from 1948 to 1950, was indicted by a federal grand jury in a test of the "conflict of interests" statute, the first criminal indictment under the law. The charge: Lawyer Bergson represented three companies (Minnesota Mining & Mfg. Co., the Carborundum Co. of Niagara Falls and United States Pipe Line Co.) in actions before the antitrust department in 1951, after having acted against them while a trustbuster. The law prohibits a former federal official from representing clients with "claims" against the Government for two years if he was involved in the matter while...
...addition to a new line of cars, Chrysler also added a new company last week. It agreed to pay $35 million, the book value, for the machinery, equipment and eleven plants of the Briggs Mfg. Co., which has been making bodies for Plymouths and for the Packard Motor Car Co. The biggest block (19%) of Briggs's stock is held by the family of Founder Walter O. Briggs, who also own the Detroit Tigers...