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Main points of the court's rulings: > Major companies will find it tougher to initiate joint ventures. Last week's case in point involved the Penn-Olin Chemical Co., set up on a fifty-fifty basis by Olin Mathieson Chemical Corp. and Pennsalt Chemicals in 1960 to make sodium chlorate for use in the pulp and paper industry. A lower court had dismissed a complaint against the creation of the firm. But the Supreme Court said, in effect, that companies cannot enter joint ventures if there was a "reasonable probability" that either would have gone into the line...

Author: /time Magazine | Title: Mergers: New Powers for Trustbusters | 7/3/1964 | See Source »

...names rise above factories everywhere : Goodyear, Westinghouse, Monsanto, Kelvinator, General Electric, Pennsalt, Singer Sewing Machine, Carnation Milk, Ralston Purina, Kellogg. Mexicans flock to Dairy Queen frozen-custard stands in Chevies, Plymouths and Fords labeled "Made in Mexico by Mexicans...

Author: /time Magazine | Title: MEXICO: The Paycheck Revolution | 12/8/1958 | See Source »

...take a summer trainee job with the company. Drake was carefully groomed for the presidency by the man he succeeds, George B. Beitzel, 61, who will continue as a director, devote most of his time to the company's foreign operations as chairman of the wholly owned subsidiary, Pennsalt International Corp...

Author: /time Magazine | Title: PERSONNEL: Changes of the Week, Jun. 27, 1955 | 6/27/1955 | See Source »

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