Word: odlum
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...FLOYD ODLUM'S ATLAS CORP. is buying heavily into RKO Pictures Corp., while other stockholders are selling their shares on Howard Hughes's offer of $6. Since RKO sold its moviemaking properties to Hughes, it now has only cash and a corporate name. Odium would like to get the corporate shell, perhaps offset its $20 million in losses against future earnings in new ventures. Atlas, which has more than 17% of the stock, would like to get Hughes's 32% interest...
...jittery, one of Wall Street's shrewdest traders, Floyd Odlum, had at least turned cautious. After unloading Consolidated Vultee (TIME, April 6) just before its stock broke, Odlum's Atlas Corp. was 38% in cash and Government securities (total: $68 million), and at Atlas' annual meeting last week he told the stockholders that he intended to keep it that way for "weeks or months" while he took a breathing spell. In short, Odlum seemed to be betting he could buy stocks lower later...
...steady rise in personal incomes. Manufacturers' order backlogs, down about $5 billion from the September peak, still are almost four times as great as before Korea. Even such sick industries as textiles were showing signs of recovery. In ironic contrast to the pessimism of cautious capitalists like Odlum, the C.I.O.'s top economist, Stanley Ruttenberg, felt sure that the boom would roar on unabated all year...
Wide Plans. With Convair, Hopkins' immediate prospects are not quite so rosy. The loss of the B60 contract was a grave shock to ex-Boss Odlum. But Convair still has a backlog of more than $1 billion in orders for its military planes and its pressurized Convair 340 transport. Last year it netted $10,400,000, close to its World War II peak ($12,300,000). With Convair in the fold, Hopkins hopes to make General Dynamics both general, dynamic, and radioactive...
...Wright Field, and from 1949 to his retirement this year, he was chairman of the Department of Defense Management Committee, a top-level military coordinating group. At Convair he succeeds La Motte Turck Cohu, 56, president since 1948, who becomes vice chairman of the board under Chairman Floyd Odlum...