Word: multimillions
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...entire Hedges clan-father Dayton, Burke and brother James-had adopted Cuban citizenship, thus saving mightily in taxes on their multimillion-dollar Cuban holdings. When Batista seized power in 1952, he appointed Hedges a member of his advisory council. Last year a Batista government bank bought a money-losing Hedges enterprise-a rayon-chemical complex in Matanzas province-and leased it back with the proviso that Hedges need pay no taxes for 30 years...
SPACESHIP ORDERS will come soon from Washington. Decision now is being made on which companies are to get multimillion-dollar contracts for "Dyna-Soar" (from dynamic soaring), i.e., vehicle that will be boosted up like a rocket but will have wings and controls to permit pilot to orbit freely around globe, then glide back to earth...
...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...
...Catania industrial zone, a $4,000,000 steel fabricating plant went into operation. Nearby, close to Messina, work started on a $5,000,000 plant to .produce frozen orange juice. At Augusta, a ghost port barely five years ago, a third major project was completed, a multimillion-dollar oil refinery with a capacity of 2,800,000 tons annually and new docks for 45,000-ton oil tankers. At Enna, in Sicily's depressed interior, Milan Edison was putting the finishing touches on a $16 million chemical plant. All told, since 1948 nearly $500 million in new capital...
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...