Word: ponte
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MONOPOLY PROSECUTIONS will be harder as a result of U.S. Supreme Court decision that Du Pont does not have a Cellophane monopoly. Court held that Du Pont's 69% of Cellophane market is not a monopoly because Cellophane faces competition from paper and other wrappings. Government in future will have to prove that a company not only has a monopoly with its product but also monopolizes the entire field...
...made more than $700,000 in salary and bonus last year. Best paid: General Motors President Harlow H. Curtice with $776,400. Second was Bethlehem Steel Chairman Eugene G. Grace with $705,923, and third G.M.'s Board Chairman Albert Bradley with $701,525. Right behind was Du Pont President Crawford H. Greenewalt, whose $642,619 came from a $178,619 salary and a whopping $464,000 bonus. A few notches lower, Chrysler Corp. President L. L. Colbert picked up a $249,800 bonus for boosting car sales, thus doubling...
...when his war baby needed funds to keep going, Laurance Rockefeller and Felix du Pont Jr. quickly came forward, exchanging some $500,000 for 51% of the stock. Flatteringly, they decided to change the company's name from P-V Engineering Forum to Piasecki Helicopter, kept Piasecki on as president...
...more profit than last year. United Airlines revenues rose 11% over the $50,381,000 of a year ago, and President W. A. Patterson prophesied that revenues would rise 50% in the next five years. Chemicals reacted unevenly. While preliminary reports from Du Pont and Monsanto indicated profit declines, Dow Chemical's net advanced 38% to $14,282,841, and General Aniline's rose 90% to $1,450,000. Western Union reported a profit of $3,207,000, its best earnings in a quarter century...
...bundle of startling innovations. At the American Management Association's 25th annual packaging exposition in Atlantic City, N.J., 388 manufacturers of packaging materials and equipment showed off their latest lures to catch the U.S. shopper's eye. The lures have to be strong; researchers at Du Pont calculate that a package in a supermarket has as little as 20 seconds to stop a passing customer. Among the stoppers: ¶Martinis and Manhattans sealed in packages of Du Font's transparent Mylar...