Word: millions
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Dates: during 1960-1969
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...actor who revitalized J. Walter's television department, to become president. Now Seymour takes full charge of a shop that, thanks to Strouse, is not about to lose its No. 1 ranking. Billings have more than doubled since Strouse was named president in 1955, and currently exceed $600 million. With blue-chip clients that include Eastman Kodak, Ford, Pan Am, Standard Brands and Liggett & Myers, J. Walter Thompson is also busily building sales for about 800 smaller companies in the U.S. and 27 other nations...
Weinstock was a more than welcome suitor. Although English Electric has long been considered ripe for a merger, its chairman, Lord Nelson of Stafford, wanted no part of the $624 million takeover bid by Plessey Co. He argued that merging with Plessey would bring few improvements in efficiency because the two firms concentrated on different lines -Plessey on telecommunications and aerospace products, English Electric on appliances and heavy industrial equipment. British G.E., on the other hand, seemed like a compatible partner, especially since it had already been cooperating with English Electric in the manufacture of stoves at home...
...might also be surprised to know that Utah Construction & Mining helped build the Hoover and Bonneville dams and the Alcan Highway, and last year completed $1.4 billion worth of work on the ambitious new San Francisco Bay Area rapid-transit system. Utah's revenues of $1 13.3 million and earnings of $16,543,000 last year resulted from such diverse and far-flung sources as real estate sales on California's Monterey Peninsula, mining operations in Peru, Australia and Canada, and a fleet of nine super-size ore and oil carriers, to which three...
Away from Railroads. Last week an international syndicate of investment houses, including Lehman Brothers and Paris' Pays-Bas bank, underwrote a $30 million issue of Utah convertible Eurobonds offered to non-American buyers. The company will borrow another $50 million or so from banks in the U.S. and abroad. All the money will be used in the development of a promising new coal field in Australia, which represents Utah's largest single undertaking...
...Companies, Inc., a consortium that also included Henry Kaiser and Morrison-Knudsen Co., which bid jointly on Hoover, Bonneville and many another mammoth engineering project in the booming West. The Six Companies have long since separated, but Utah is still heavily involved in construction. It currently has a $102 million backlog of orders ranging from landfill work in San Francisco Bay to tunnel and powerhouse projects at New Zealand's Manapouri...