Word: oct
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Dates: during 1950-1959
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After making successful static tests, Cape Canaveral's Air Force missileers scheduled the first launching (limited range) of the U.S.'s newest "second generation" ICBM, the two-stage, 9,500-mile Titan (TIME, Oct. 13). But the big (90 ft., 110 tons) job never got off the ground: malfunction kicked in a "fail-safe" mechanism that automatically shut off the first-stage propulsion system seconds after it began to fire. Still, in the light of a fast-growing technology, backed by last week's huge achievements, the U.S. knew better than to condemn Titan on the strength...
...cockpit be a pilot. The pilots announced that they would not walk out immediately, promised to give the public sufficient warning. One hopeful sign that the strike might be averted: the resumption of negotiations between American and the Air Line Pilots Association in Chicago for the first time since Oct. 1. Another hopeful sign in the clouded airlines situation was Eastern Airlines settlement this week with its striking machinists, who won pay raises of 44? to 49? an hour in top jobs. Eastern was scheduled to meet with striking flight engineers shortly after the settlement, hoped to clear up differences...
...expansion costs have cut profits. Last week Sheraton announced that earnings for the six months ended Oct. 31 dipped to $1,810,881 from $2,481,549 in the same period last year. Another reason for the drop was that a subsidiary, Thompson Industries, Inc., which Sheraton bought in a burst of diversification in 1946 and which has grown into a $23 million-a-year auto-parts maker, suffered from the auto recession. Also, Sheraton has been building and buying so much that it plans soon to float a $25 million nonconvertible debenture issue carrying a fat 7½% interest...
...that he was headed for death. Yet he kept going until he crashed and died amid fire and explosion in the side of the carrier St. Lo. The St. Lo sank. Over a 130-mile front, other Japanese planes dived against her sister carriers. That night, Oct. 25, 1944, Imperial Headquarters in Tokyo announced the launching of the Kamikaze Special Attack Corps, named for the "divine wind" that had saved Japan from Mongol invasion in 1281. The 1944 corps was Japan's effort to whistle up an equally effective wind. It failed, but bloodily; with an expenditure...
...office equipment (after International Business Machines). N.C.R. is hustling to expand beyond mechanical to electronic machines. In this fiercely competitive field, N.C.R. started long after IBM, Remington Rand or Burroughs; its real push began only in 1952, when N.C.R. bought the small Computer Research Corp. of Hawthorne, Calif. (TIME, Oct. 6, 1952). Since then it has moved fast, boosted its research and development bill from $2,600,000 (1.1% of sales) to $14 million (3.6% of sales). This year's heavy research outlay is the chief reason why earnings will dip from last year's $18 million...