Word: rays
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Dates: during 1970-1979
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FORTUNE'S annual compilation of figures for the nation's 500 largest industrial companies, published this week, serves as a kind of X ray of the corporate sector of the U.S. economy: it illuminates trends that can be discerned only dimly in individual company reports. Among last year's notable tendencies were a somewhat disconcerting ability of the big companies to cut employment while increasing sales, a continued sharp decline in merger activity and what looks like the beginning of a turn away from diversification...
Directed by SILVIO NARIZZANO Screenplay by RAY GALTON and ALAN SIMPSON
...following a long winter's rest, he ran away with the Hibiscus Stakes. After missing out in the Everglades, he returned to the winner's circle last week with a coasting four-length victory over ten other Derby eligibles in the Blue Grass Stakes. Says Veteran Jockey Ray Broussard, who has handled Riva Ridge in workouts: "I've been on a great many running horses in my career, but none are the equal of this...
Finally, after three years of frustrating negotiations, Iowa Governor Robert Ray cut through the red tape by devising a neat bureaucratic stroke of his own. In his capacity as commander in chief of the Iowa National Guard, Ray ordered all of its 95 aircraft and 1,625 motor vehicles indefinitely immobilized except in the event of a national emergency. "I am not satisfied," he said, "that what has happened to the Tjernagels and the McCarvilles could not happen to other lowans...
...hours last week, the Iowa National Guard stood down. Then the Air Force gave in. It agreed to pay the Tjernagels $75,852 and the McCarvilles $52,000 in damages. With that, Ray ordered the planes aloft again...