Word: philco
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...gets $5,000,000 from Westinghouse Electric Corp., which cleaned out its inventory after sponsoring the 1952 telecasts; ABC takes some $4,000,000 from Philco Corp.; NBC collects a reported $5,200,000 from Co-Sponsors Radio Corp. of America, Sunbeam Corp., GM's Oldsmobile Division...
...repayment rate on old debts rose even higher, so that the total debt increase was actually lower in the first five months of 1956 than a year ago. The reports of first half earnings continued to look rosy, except for a few trouble spots, notably in appliances, e.g., Philco reported a second quarter loss of $686,000 v. $1,128,000 profit for the same period last year...
...PRICED COLOR TV SETS (about $500) with 21-in. screens will be put on market this fall by Radio Corp. of America, General Electric and Philco to compete with Admiral's similarly priced...
...transistors cuts 1,500 Ibs. from the plane's weight. Last week the mighty mite had the electrical industry racing madly to expand transistor production: Motorola is putting up a $1,500,000 plant in Phoenix; Westinghouse is building in Youngwood, Pa. and Sprague Electric in Concord, N.H. ; Philco bought a 100,000-sq.-ft. factory in Spring City, Pa., RCA is moving into a 120,000-sq.-ft. factory at Bridgewater, N.J.; Texas Instruments Co. is planning a plant on a 250-acre site near Dallas; and Raytheon is expanding its Newton, Mass, facilities...
...James M. Skinner Jr., 41, moved from television vice president to president of Philco Corp., the same job his father held from 1929-39. After attending the University of Pennsylvania ('32-'34) Skinner went into Philco as a factory expeditor, rose to sales manager for accessories, headed the Philco radio-radarelectronics school during World War II, then became sales veep for refrigerators. He succeeds James H. Carmine, who is retiring...