Word: philco
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Dates: during 1950-1959
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...Arabs' economic blockade of Israel has probably caused Israel more injury than Arab armies did in two wars. It has effectively deterred Israel's plans to set itself up as an industrial nucleus to serve Middle East markets. Such well-known U.S. firms as Philco Corp., Standard Oil (New Jersey), British-Shell and Socony Mobil Oil Co., Inc. have removed themselves from the Arab League blacklist by deciding that doing business in Israel is uneconomic...
...current blacklist, drawn up in Cairo, names 48 American firms. Included are Empire Brushes Inc., Kaiser Industries Corp., Dow Chemical Co. and Plough Sales Corp., because they have branches or agencies in Israel. Individual Arab countries have their own blacklists, which are even more capriciously kept. Philco radios and air conditioners were banned in Saudi Arabia even after the firm's name was removed from the Arab League blacklist. Last February, after Elizabeth Taylor bought $100,000 worth of Israeli bonds, the United Arab Republic banned any further showing of her films in Syria and Egypt. Presumably the boycott...
Even stocks of electronics makers who sell chiefly to consumers sold off easily. Zenith Radio Corp. established a first-half record with earnings of $1.66 per share v. $1.01 last year, but lost 14⅛ points during the week. Philco Corp. came back from a $1,400,000 loss in the first half last year to earn 54? per share for the first six months of 1959, was off 2⅞ for the week. Motorola, which set a second-half record with $3.04 per share v. 76? last year, dipped seven points...
...star to testify was Admiral Arthur Radford, who retired in 1957 but came back recently as acting chairman of the Joint Chiefs of Staff while Air Force General Nathan Twining is recuperating from a lung cancer operation. Radford, 63, earns $12,000 a year as a director of the Philco Corp. (electronics), and about the same amount in retirement pay. The amount of influence exercised on Pentagon people, he said, "is very small-but I wouldn't say it doesn't exist." Besides, retired officers probably have less influence than most people think. "They are really...
...Dempster Mclntosh, 63, onetime president of Philco International Corp. (1943-53), ambassador to Latin American countries (Uruguay, Venezuela), first manager of the Administration's Development Loan Fund (1957-59), to be Ambassador to Colombia...