Word: millions
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Dates: during 1960-1969
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...those will seem small next to the foreign-built ships of the future. Japan's Nippon Kokan next month will open a dock that can accommodate an 800,000-tonner, and Belfast's Harland & Wolff is constructing a new facility that should be able to handle a million-d.w.t. vessel...
...Northern Songs, founded in 1963 to handle the songwriting business of John Lennon and Paul McCartney, was the object of a takeover bid by Britain's Associated Television, producer of The Avengers. Associated bought up 35% of the stock in March and made a $23.5 million tender offer for the rest; the company now has just over 36% of the shares. Lennon and McCartney, each of whom owns 15% of the company, fought the takeover by calling for help from the other Beatles and making their own tender for 20% of the shares...
...school. The group recommended new laws that would empower the Government to break up companies in industries "where monopoly power is shared by a few very large firms." It proposed a "Concentrated Industries Act" that would apply when four or fewer firms controlled 70% of an industry with $500 million a year in sales. Each firm would be forced to reduce its share of the market to no more than 12%. The scheme would break up the Big Three automakers, as well as leaders in aluminum, computers and other fields...
Willing to Refund. Amsterdam's Schiphol offers the biggest variety and best prices. It leads all other airport shops in sales, which were $10 million last year. Schiphol also has the world's first duty-free self-service liquor and tobacco store, where passengers can pick and choose just as they do in a neighborhood supermarket. Another innovation is a tax-free automobile showroom with a choice of 21 models, including a British Ford Cortina for $1,500, about 23% less than the London price tag. Within half an hour of arrival, a traveler can drive away...
Textiles. Commerce Secretary Maurice Stans reported on his mission to goad Asian trading partners, chiefly Japan, into restraining their textile exports. The outcome: no deal. Japan sends nearly $400 million worth of textiles yearly to the U.S., and this has sorely hurt whole towns in the South. They live off their textile mills, which employ many unskilled Negroes...