Word: oil
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...oil-booming east Texas town of Tyler (pop. 57,000) was recovering from a nasty jolt last week. RADIOACTIVE COBALT BURNS TYLER YOUTH, newspaper headlines had proclaimed; AEC and state health department officials with Geiger counters had combed the town with all the thoroughness of oil prospectors. Fortunately, they had found only negligible radioactivity at suspected sites. But the lad who started it all was still under observation for doctors to figure out how much damage he had done to himself...
...which is financing T.W.A.'s new jets, is in no position to absorb more heavy losses. For years the company did a $120 million annual business in oilfield equipment-and turned a 50 profit before tax on every dollar. Now profits are down sharply. A decline in oil drilling, rising competition at home and imports of oil from abroad will cut its business to between $70 and $80 million this year, with profits of about $20 million after taxes. Nor can the second highly successful wing of Hughes' empire, Hughes Aircraft Co., help much. Though it does some...
...Christmas this year, Lockheed and most other planemakers, Continental Oil Co.. Diamond Alkali are mailing letters wishing one and all a very merry holiday, but please do not send any gifts to our employees. Boeing Airplane, U.S. Steel, California Packing, Cutter Laboratories, Morri-son-Knudsen Co. and Dresser Inc. have similar policies, though they do not send out a formal letter. Former General Motors President Harlow H. Curtice did not go that far in laying down a rule of thumb to guide his people but he did send around a memo that no G.M. man should accept a gift...
...Homer said that the company has not yet decided whether to appeal. Meanwhile, the decision may well cool some of the merger deals in U.S. industry. The Government has 27 antimerger cases pending, affecting acquisitions by such U.S. industry leaders as Continental Can, El Paso Natural Gas, Pillsbury, Gulf Oil. and Reynolds Metals. While each case will be decided on its own merits, the Justice Department's hand has been strengthened by the Bethlehem case. If Bethlehem appeals to the U.S. Supreme Court, a final decision is not likely before...
Despite his protestations of innocence, a gang of Frondizi supporters invaded Gomez' office next day. wrecked furniture, destroyed papers and ordered Gomez to resign. At week's end he put his resignation in Frondizi's hands, and the national oil union decided to postpone its strike threat. Frondizi was still on top. He had lost his dubious Peronista support, and the Mendoza oilworkers were still on strike, but he had gained the prestige of demonstrated firmness...