Word: monsanto
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...more profit than last year. United Airlines revenues rose 11% over the $50,381,000 of a year ago, and President W. A. Patterson prophesied that revenues would rise 50% in the next five years. Chemicals reacted unevenly. While preliminary reports from Du Pont and Monsanto indicated profit declines, Dow Chemical's net advanced 38% to $14,282,841, and General Aniline's rose 90% to $1,450,000. Western Union reported a profit of $3,207,000, its best earnings in a quarter century...
...complexities of transportation, Durfee started as an attorney in Antigo, Wis. in 1927, became a member of the Wisconsin PUC in 1951, chairman two years later. ¶ Sir Miles Thomas, 59, who resigned as chairman of British Overseas Airways Corp. (TIME, April 2), signed on as a director of Monsanto Chemicals Ltd., British subsidiary of St. Louis' Monsanto Chemical Co. He will become the subsidiary's board chairman July 1, succeeding Edward A. O'Neal Jr., who resigns to give full time to his post as the parent company's international operations vice president...
...trading, Sears's directors announced a three-for-one stock split and a dividend boost; in seven minutes Sears stock shot up 6½ points to 117, nearly 43 points above the year's low. In chemicals, stockholders approved a merger between Lion Oil Co. and Monsanto Chemical Co., sent the big chemical company up 2¼ points to 50 ⅜ In autos, giant General Motors jumped | of a point to 143⅞ when its stockholders put final approval on the-three-for-one stock split announced two months ago. Chrysler stock took a ride on rumors that...
Scientific leaders in both the U.S. and Britain are worried by the public's low opinion of scientists. At last week's Minneapolis meeting of the American Chemical Society, Charles Allen Thomas, president of Monsanto Chemical Co., told his colleagues...
...MONSANTO Chemical Co. will push into the oil business through a merger with Arkansas' Lion Oil Co. (1954 gross: $99 million). Under the deal, still to be approved by the stockholders, Monsanto will exchange 1½ shares of stock for each of Lion's 3,090,912 shares outstanding, will operate the company under the Lion name to provide basic oil supplies for its growing petrochemical business. Combined assets of the two: $524 million...