Word: multimillions
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Dates: during 1950-1959
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...haven to a humming technical center. Since 1956, General Electric's X-Ray division has established a $7,000,000 plant, and Minneapolis-Honeywell Regulator Co. has opened a $4,500,000 missile-parts plant. Sperry Rand and Electronic Communications, Inc. (aeronautical instruments) have also recently finished multimillion-dollar plants...
BIGGEST INSURANCE SCANDAL in Texas history, which has already caused resignation of state insurance commissioner, flock of investigations by grand juries and legislative committees, also resulted in ten-year jail sentence for Texas Promoter Ben-Jack Cage, who started it all with collapse of his multimillion-dollar ICT Insurance Co. Jury convicted Cage for using $100,000 in ICT funds to buy stock that he later credited to his own management company...
Down to the Deep. In barely seven years, De Long has built a multimillion-dollar business helping oilmen explore offshore fields with massive mobile barges that can be rooted to the ocean floor solidly enough to withstand the most violent storms. Five De Long barges are already drilling in the Gulf of Mexico; another has just started operating off the coast of California; still others abuilding are slated for South America and Southeast Asia, generally at rents of $6.000 a day, including equipment. Starting with a maximum depth of 50 ft., the company has learned to build mobile rigs, that...
...bitter and expensive interservice rivalry, retiring Defense Secretary Charlie Wilson last week ordered a capable three-man committee to merge the Army's experimental Jupiter and the Air Force's Thor into a single intermediate-range ( 1, 500-mile) ballistics missile. The multimillion-dollar marriage brokers: Major General John B. Medaris. boss of the Army's missile-making Redstone Arsenal; Major General Bernard A. Schriever, boss of the Air Force's ballistics-missile program; and Wilson's special assistant for guided missiles, William M. Holaday, onetime Socony Mobil Oil Co. Inc. research director. Wedding date...
...past years, they argue, have gone largely for new and increasingly expensive fleets of DC-75 and Constellations. As for this year's earnings, the lines charge that CAB arrives at its 20% return on investment by "incorrect" and "dangerous" accounting procedures, which take no account of the multimillion-dollar down payments toward new jet transports slated for future delivery. By eliminating these deposits, the CAB staff reduces every airline's investment base to the point where the investment return looks more favorable, even though overall profits have slipped badly...