Word: pittsburghs
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Dates: during 1960-1969
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...relationship -whether worked through merger or outright purchase-is clearly aimed at stepping up Chase Manhattan's competition with First National City Bank, the second largest U.S. bank, which bought up half of Hilton's Carte Blanche in September. This week, after a two-month advertising barrage, Pittsburgh's two largest banks-the Mellon National and the Pittsburgh National-will expand their longtime competition to a new dimension by bringing out their own credit cards...
...Pittsburgh...
...showed sturdy gains. As they have for some time, corporate profits in many cases climbed even faster than sales or the economy in general. Record third-quarter earnings were reported by such giants as Colgate-Palmolive, Socony-Mobil Oil, Dow Chemical, Bank of America, Union Carbide, General Telephone, and Pittsburgh Plate Glass. United Airlines' profits were up 77% from the third quarter of last year, American Can's 29%, Celanese...
...across basic industries-coal, oil, mining and automobiles. Even to experts, it was dazzling in its complexity, yet beautiful in its money-making simplicity. All this loomed behind the seemingly ordinary announcement last week that Manhattan's Continental Oil Co. (1964 sales: $1.4 billion) had agreed to acquire Pittsburgh's $305 million Consolidation Coal...
Worth More Dead. A coal-oil tie also made good sense to another key personality: onetime (1953-57) Treasury Secretary George Humphrey, who formed Pittsburgh's Consolidation Coal in the mid-1940s and put Love in charge. Humphrey controls Cleveland's M. A. Hanna Co., a $609 million holding company that owns 15% of Consolidation Coal. Two weeks ago, M. A. Hanna announced that it would go out of business, distribute to its shareholders its huge holdings in Consolidation Coal, National Steel and Hanna Mining. One reason for the liquidation: George Humphrey, though still active...