Word: millions
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Dates: during 1960-1969
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...more likely candidate for early cancellation is the subsonic A-300 Anglo-French-German airbus, a short-range craft (up to 1,500 miles) planned for such heavily traveled routes as London to Paris. Though the three countries have poured $12 million into its development, the plane scarcely matches the promised performance of U.S. airbuses. Lockheed's L-1011, for example, will fly almost twice as far, carry more passengers (345 v. 298), cost $15 million as against the A-300's $11 million. McDonnell Douglas' DC-10 holds a somewhat similar edge. And the U.S. models...
...appeared to have found a taker in Cleveland-based White Consolidated Industries Inc. White's acquisition of A.M.C.'s Kelvinator assets, the two companies announced, was "in the final stages of negotiation." A broadly based (heating equipment, industrial machinery and sewing machines) manufacturer with sales of $700 million a year, White has already purchased two appliance makers in the past year, is obviously confident that its experience in the industry will enable it to perk up Kelvinator, an operation that has made little, if any, money in recent years...
...A.M.C., which after two years of deep deficit showed a $1,133,775 profit for the six months ending March 31, shedding Kelvinator will provide some of the cash necessary for continued recovery. The purchase price is expected to be about $45 million, and A.M.C. is sure to apply at least part of that toward a $52.5 million short-term bank loan due at the end of the year. Equally important, income from the deal could enable the company to move further into the production of parts, thus reduce its costly reliance on outside suppliers. As A.M.C. Chairman...
...died in 1909) gradually expanded its facilities to manufacture other toys, including kites, wagons, wooden scooters and construction games. It also went into production of valves for pneumatic tires and fiber glass. Today the various family-owned enterprises are small but unmistakably healthy, with sales totaling some $14 million a year...
From an unpretentious Manhattan headquarters, the American Telephone & Telegraph Co. runs a prodigious organization. The Bell System operates more than half of the world's 208 million phones, reaps more revenue ($13 billion last year) than the Canadian government, is the biggest private customer in the U.S. capital market. A.T. & T. chiefs preside over a 22-man top-management group traditionally-and aptly -known as "the cabinet...