Word: norfolkers
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...LAMBERT Norfolk...
...with Mergers. The best prospect for saving sickly lines is merger with more prosperous, freight-heavy carriers. Lately the Interstate Commerce Commission has taken a more lenient attitude toward mergers, approving in July one of the greatest rail linkups in U.S. history-the Norfolk & Western's absorption of five other lines. Now the ICC is considering 13 railroad mergers. The biggest deal by far would...
M.I.T. topped a strong field of 14 that included such unlikely schools as Old Dominion from Norfolk and McGill from Montreal. The Crimson, represented by Jim Lankton in "A" division and Bob Whitesides and Lange Rust in "B," finished sixth...
...Norfolk, Va., the estate of General of the Army Douglas MacArthur, who died in April at 84, was appraised at $2,131,941.89, bequeathed to his widow, Jean Faircloth MacArthur. Composed primarily of securities, it included 2,205 shares of G.M. (worth $180,258.75), Los Angeles Metropolitan Transit Authority and Chesapeake Bay Bridge-Tunnel bonds (together worth $291,007), and 1,903 shares ($34,254) in Sperry Rand Corp., whose chairman he had been since...
...more these days than to merge with the New York Central, it will probably go along with the ICC and dispose of its stock to help sway the ICC to approve its own merger. Once the Pennsy agrees to sell the stock, the way would be cleared for the Norfolk & Western-Nickel Plate merger to take its place alongside the already approved linkage of the Chesapeake & Ohio-Baltimore & Ohio roads. If the ICC then approved the Pennsy and Central linkup, the Eastern U.S. would have three superroads that would carry 90% of its traffic...