Word: oliner
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Thiokol has set its most ambitious expansion for next week: a merger with Reaction Motors Inc., a major maker of liquid-fuel rocket engines (TIME, May 27), owned 49% by Olin Mathieson Chemical Corp. and 23% by Laurance Rockefeller. The merger will give Thiokol all of Reaction's $16.5 million missile contracts, including those for the liquid rocket engines for North American's piloted X-15 plane, which is expected to climb to 100 miles, and may well be the first step to manned outer-space travel. With Reaction (1957 sales: $24 million) Thiokol expects to swell...
...team mustered by McElroy last week to serve in effect as management consultants - the Air Force's General Nathan Twining, chairman of the Joint Chiefs of Staff; Admiral Arthur Radford and Army General Omar Bradley, Twining's predecessors as J.C.S. chairmen; William C. Foster, Washington industrial ist (Olin Mathieson Corp.) and former Deputy Defense Secretary (1951-53); Charles Allerton Coolidge, Boston lawyer and former Assistant Defense Secretary (1951-52). (Absent member: Nelson A. Rockefeller, part-sponsor of the Rockefeller Report, which recommended an overhauling of Pentagon organization -TIME...
...Wall Street (see BUSINESS). Boron itself gives much energy, and some of its compounds hold a lot of high-energy hydrogen in easy-to-handle form. Modern boron fuels are stable, reliable and have high (classified) specific impulses. One of them is now being manufactured in considerable quantity by Olin Mathieson Chemical Corp. at Niagara Falls. Gallery Chemical Co., near Pittsburgh, is making its HiCal, a boron-carbon-hydrogen combination...
...Senator Herman Talmadge, going his colleague, Dick Russell, one better. "Now the South is threatened by the President of the U.S. using tanks and troops in the streets of Little Rock. I wish I could cast one vote for impeachment right now.'' South Carolina's Senator Olin Johnston went even further. "If I were Governor Faubus," he said, "I'd proclaim a state of insurrection down there, and I'd call out the National Guard, and I'd then find out who's going to run things in my state...
...Price County, Wis., Gordon Johnson, who was a misfit at dairying, last week started work on his first glass-fiber boat in his new company. In Monroe County, Ohio, ministers sparked a countywide poll of the labor force, which helped attract a new Olin Mathieson aluminum plant. In Espanola. N. Mex., fruitgrowers were helped to build a plant to grade and pack their apples and peaches. In Choctaw County, Okla.. which was losing population in droves, a new cannery, a glove factory and a feed mill were established...