Word: occidentale
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Back in the U.S., Hammer went on to make more millions manufacturing beer barrels, distilling whisky and raising cattle. In 1956 he retired to California but got restless; the next year he bought control of Occidental, then a company with sales of only $274,000. Through a combination of luck...
Troubled Time. In the past two years Occidental has fallen into trouble. Production in Libya, the backbone of its operations, has been on a roller coaster and has never reached the mil-lion-barrels-a-day level that Hammer once forecast. The Libyan government ordered it cut from a high...
Overall, the company reported a loss of $67 million for 197 1, and in the first nine months of last year it did little better than break even; operating profit was $10.7 million, but currency-exchange losses reduced net to $764,000. Prospects are looking better now. Oil demand is...
Hammer promises that the company will report a profit for 1972, though he refuses to even estimate how large. But Occidental's stock has dropped from a high of 55 in mid-1968 to 12% last week. Market analysts worry, among other things, about what will happen when the...
Just as Hammer was about to leave, Dzherman Gvishiani, a top Soviet science official, produced an untranslated draft of a pact that he suggested Hammer take back to the U.S. to study. Instead, Hammer flipped through it for 30 seconds and changed just one word, scratching out "draft" and substituting...