Word: millions
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Dates: during 1950-1959
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FIRST ALUMINUM freight cars started service for the Southern Railway System. The cars are lighter, cheaper to operate; Southern has ordered 1,205 for some $24 million...
PROJECT MERCURY, which will rocket a man into space, will cost $100 million more than the $250 million that the National Aeronautics and Space Administration originally estimated. Increases are for more expensive capsules, boosters, and a bigger range of operations...
...directed the reordering and rebuilding of a major segment of Germany, and fought the Russian blockade of Berlin. Since he joined Continental in 1950, he has used the lessons of his military engineer's career to triple Continental's sales (to $1.1 billion) and earnings (to $41 million), drive it from second place, well behind American Can, into position as the big gest U.S. container company. Last week General Clay pulled off an important maneuver: he settled with the Steelworkers Union for a threeyear, 28.2?-an-hour package, thus averting a possible strike...
...rich-quick U.S. electronics industry was fixed last week. Only 30 minutes after being placed on the market, the first public offering of 1,000,000 shares of Transitrun Electronic Corp. at $36 each was snapped up by investors. Not since the first public sale of 10.2 million Ford Motor Co. shares in 1956 has a stock issue attracted such broad public demand. Transitron quickly jumped to $49 per share in over-the-counter trading, closed the week at $43 per share. To Transitron's owners, David and Leo Bakalar. went $34.4 million for part of their interest...
...staff members. Decisions by Leo, 46, who serves as treasurer and chairman, and David, 34, who is president, have equal power. To justify the price of Transitron's stock (now selling at a steep 45 times projected 1960 earnings) the company is expected to diversify, use the 2.1 million shares of Transitron's authorized but unissued stock to buy other companies...