Word: payoff
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Dates: during 1950-1959
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...Sept. 2), Sicily encouraged Gulf Oil Corp. with a deal that one U.S. oilman calls "the best terms of any oil company operating anywhere in the world." Instead of the standard fifty-fifty split, Gulf gets 80% of all profits, has pumped $50 million into Sicilian oil development. The payoff: wells that will produce 1,650.000 tons of oil next year, some 15% of Italy's total needs. Last week British Petroleum and Standard Oil Co. (New Jersey) were also coming in beside Gulf...
...Payoff. To settle the suit, the defendants agreed to pay Zenith ten annual installments of $1,000,000 beginning Oct. 1. More important, Zenith got royalty-free licensing rights from RCA and General Electric on black-and-white TV equipment, including tubes. It got similar rights on common-carrier communications equipment from Western Electric and the Bell System. At Philco Corp., which in 1956 filed a still pending $150 million antitrust suit against RCA involving color TV patents, nobody was talking yet. But after Zenith broke the ice, RCA's patent pool seemed to be thawing at last...
...Payoff. When new Treasury Minister Giuseppe Medici, 49, announced last year that the time had come to prune this octopus, Italians shrugged. But by last week the bearded Medici (who looks his name) could claim: "For the first time in Italy's modern history, the payrolls are going down instead of up." He has liquidated 50 bureaus (including one with 14,000 employees...
Playing with the authority of a Wimbledon championship behind her, Althea lost not a set as she worked her way onto the center court for the payoff match with California's Louise Brough. A canny and experienced campaigner who had won the title herself just ten years ago, Louise tried every trick she knew to stave off the inevitable. She pounded Althea's weak backhand, only to watch it grow stronger. She tried to step up the speed of her own serves, only to make deadly double faults. Taking her time, getting more depth on her shots...
...Payoff. When the IGY is over on New Year's Day 1959, scientists may have discovered many new things about the earth and its neighbors in space. The chances are, however, that they will not know very much more than they did before. The great increase in knowledge will come when enormous masses of data have been digested, when books of charts have been printed, and when hundreds of thousands of scientists have painfully created an "earth model" out of all this information. Then and then only will man have a chance to better understand the small planet...