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Among the biggest companies in the top ten, General Motors was No. 1, as always, in sales, followed by Standard Oil of New Jersey, Ford Motor Co. and General Electric. IBM moved up to fifth place, and Chrysler down to sixth, just ahead of Mobil Oil and Texaco. The largest gain among the big ten was made by that exclusive club's sole newcomer and only conglomerate, ITT, which scored a 34.6% sales increase, boosting it into ninth place, ahead of Gulf Oil. U.S. Steel, a member of the club since the list was first published in 1955, dropped...

Author: /time Magazine | Title: Corporations: How the 50 Fared | 5/18/1970 | See Source »

More Untapped Riches. Exploration around Malaysia is also picking up. Gulf, Mobil and Amoco have received concessions off the west coast; Esso has drilled four wells off the east coast since last May and has found enough promising signs to call up another rig. Royal Dutch/Shell, which has the only offshore wells now producing in Southeast Asia, has brought a third rig from the U.S. to its site off Brunei. And half a dozen companies have begun surveys off southern Thailand...

Author: /time Magazine | Title: Oil: Hunt for Sunken Treasure | 4/20/1970 | See Source »

...demolition experts continued to probe the 11th Street wreckage for more explosives-and perhaps more bodies-bombs exploded at the Manhattan headquarters of Mobil Oil, IBM and General Telephone and Electronics. An organization that styled itself "Revolutionary Force 9" claimed responsibility. No one was hurt in the early-morning blasts, which were strikingly similar to three blasts in several New York office buildings last Nov. 11, but during the following two days news of the explosions triggered an outbreak of more than 600 phony bomb scares in a jittery New York. Three Molotov cocktails exploded in a Manhattan high school...

Author: /time Magazine | Title: Nation: Bombing: A Way of Protest and Death | 3/23/1970 | See Source »

...letter which reached UPI shortly after the explosions, a party calling itself "Revolutionary Force 9" claimed credit for the acts. "IBM. Mobil, and General Telephone are enemies of all life," the letter explained. "All three profit not only from death in Vietnam, but also from American imperialism in all of the Third World...

Author: By M. DAVID Landau, | Title: "Bombs Bursting in Air" Urban Terrorism | 3/19/1970 | See Source »

...successful strategy against the economic monolith will not result from secretive acts of terrorism, but from mass actions against corporations and the government to achieve economic and social gains. As it was, the bombing barely succeeded in closing IBM and Mobil for a day. A successful strike would close these firms and end war production until they had effected far-reaching changes in basic policy...

Author: By M. DAVID Landau, | Title: "Bombs Bursting in Air" Urban Terrorism | 3/19/1970 | See Source »

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