Word: offing
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Dates: during 1940-1949
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I. Hennig was fined ?281,175 ($787,290), one of the largest fines ever handed out in a London court; two company officers were sent to jail. When Winston and Parser appeared in court to claim their part of the shipment of diamonds, worth ?26,134, they were cleared of...
Last week the London-Tangier diamond trade, which had enabled U.S. dealers to get gems for one-sixth under their London price, received a mortal blow. In London's Clerkenwell Court, I. Hennig & Co., Ltd., one of Britain's most respected diamond merchants, was convicted of customs evasion...
Minute Maid Corp., one of the first companies to market frozen orange juice, last week became the owner of its own fruit groves. For $5,000,000, it bought 4,700 acres of orange and grapefruit groves near its three processing plants in Florida from Di Giorgio Fruit Corp., one...
Minute Maid's initial success came when it proved that frozen orange juice could have a fresh-squeezed taste. It got its second boost when it sold Crooner Bing Crosby 20,000 shares of stock at 10? a share and made him a director (TIME, Oct. 18, 1948). As...
In the twelve months ending Oct. 31, Minute Maid rang up $11.8 million in net sales, as against a mere $3.7 million the year before, and showed a net profit of $996,000. In the current year Minute Maid plans to boost orange juice output to 213 million of its...