Word: millions
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Dates: during 1960-1969
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...closeup photographs of the white polar cap and areas that appear to change color seasonally. Mariner 7 is scheduled to be launched on March 24, but will take less time than its predecessor to make the trip; its trajectory is different and the Earth will have moved some 25 million miles closer to Mars during the month that separates the shots...
...away as the Philippines (his "special" mission territory) study the Allen brand of evangelism. In its busy headquarters building, squads of secretaries, mail clerks and printers attend the banks of file cards, automatic typewriters and offset presses that allow Allen to print and mail out more than 55 million pieces of literature every year. TV and radio technicians stand by to prepare Allen's daily radio broadcasts (58 stations) and weekly television programs (43 stations). There is a record company (47 albums of sermons and gospel music), an airstrip (Cessna 150 at the ready), and a barnlike...
...overextended himself, as he did in 1961 when he almost lost control of his company. Last year Ling borrowed $900 million to snare Jones & Laughlin, National Car Rental, and Braniff Airways whose latest advertising campaign shows odd couples flying high. He tried to refinance part of that debt last fall, but investors spurned his efforts. Ling scoffs at the doubters. "This is just the year to kick conglomerates," he says. He planned to sell off a small slice of Braniff, most of National Car Rental and perhaps a few other securities to raise all the funds that he said...
...Fafnir bearings?but Textron seems less interested in acquiring new branches than in managing and expanding the many that it already has. Its 33 diverse divisions turn out Bell helicopters, Sheaffer pens, Speidel watchbands, Gorham silverware, Bostitch staplers and some 70 other products. Last year the company earned $74 million on sales of $1.7 billion?both records...
After Gulf & Western was blocked by the Justice Department from taking over Armour & Co., Charlie Bluhdorn attempted to resell his 750,000 shares to the meat packer for about $60 per share. He thought he had a deal?and an $18 million profit?but Armour Chairman William Wood Prince tried a squeeze play to drive the price down to $50. His method was ingenious. Armour made a public offer to repurchase 20% of its own outstanding shares at $50 each. If successful, the move would have increased Bluhdorn's stake in Armour from 9.8% to 12½%, thus making Gulf & Western...