Word: philco
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...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...
Comfortably cool in his air-conditioned office, President James M. Skinner Jr., of Philadelphia's Philco Corp., leafed through his weather reports last week and broke out a sunny smile. "It hit 90° in Indianapolis, 91° in Chicago, 92° in Cleveland, 93° in Knoxville, and even higher in the Deep South," he exulted. "If only this nice hot, humid weather continues, we'll really sell air conditioners this year...
...General Electric claims that one of its 1959 bedroom models is virtually noiseless. Westinghouse, Fedders, Emerson are putting out install-it-your-self "portable" models. York is packaging parts needed for installation with the cooler to reduce high and widely fluctuating costs of putting it in. As optional equipment. Philco is offering an "Ionitron" (price: $50) to charge the air with negative ions, which, says Philco after a five-year hospital study, snuff out the sneezes of victims of hay fever...
...cases to offset the previous slowdown and turn 1958 into a fine year. After limping along 33% behind 1957 for the first nine months, Monsanto Chemical Co. reported the best fourth quarter in history, so good that full-year earnings totaled $1.55 per share, only 7.7% behind last year. Philco's fourth quarter nearly doubled last year's rate. Seeburg Corp. announced 54? a share in the first quarter of its fiscal 1959 v. only 50? for the full twelve months before...