Word: oiling
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Dates: during 1950-1959
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...multimillion-dollar marriage brokers: Major General John B. Medaris. boss of the Army's missile-making Redstone Arsenal; Major General Bernard A. Schriever, boss of the Air Force's ballistics-missile program; and Wilson's special assistant for guided missiles, William M. Holaday, onetime Socony Mobil Oil Co. Inc. research director. Wedding date: "Earliest practicable," probably October...
...industrial investment totaled $612 million, including some $70 million of U.S. capital (bringing U.S. investment in Cuba, mostly in public utilities and sugar, to $750 million by last year). Projects completed or under way include the island's first steel plant ($16 million), two tire factories, new oil-refining facilities ($70 million), expansion of the U.S. Government-owned nickel plant at Nicaro ($37 million). The boom shows no sign of slackening. Planned for the future: a $147 million expansion program by a subsidiary of American & Foreign Power Co.. a $75 million nickel-mining operation by a Freeport Sulphur...
Gluhareff, 41, Russian-born son of Michael Gluhareff, engineering manager of Sikorsky's major helicopter program, plans to manufacture his device in partnership with Los Angeles Industrialist Robert McCulloch, hopes to get bids from the armed services and firms such as oil companies, which often need to plunk down a man in rugged terrain. Wistfully, Gluhareff rules out one potential customer: the earthbound commuter. Says he: "The CAA would never approve...
DEFENSE CUTBACKS will begin to pinch oil producers. To keep under Administration's $38 billion defense budget ceiling, armed forces will cut purchases of petroleum products by as much as $170 million a year-a 15% drop. Aviation fuel, special Navy fuel oils will get deepest cuts...
Krupp engineers are also in Russia discussing details of a $3,000,000 synthetic-fiber and chemical plant now on Krupp's order books. In Greece the firm is building a $23 million oil refinery near Athens, is interested in setting up a steel plant to tap Greece's rich ore deposits. Kruppmen are at work on yet another steel plant in Pakistan. Other projects, from bridges to whole new industrial areas, are being pushed in Spain, Thailand, Bolivia, South Africa, Indonesia...