Word: remingtons
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Seventeen years ago, when two University of Pennsylvania professors developed the first electronic computer, International Business Machines sniffed that it had no commercial future. But in the early '50s, when computers made by Remington-Rand began replacing IBM punch-card machines. IBM rushed into building computers and quickly took over most of the market. Lured by IBM's success, other office-equipment makers and electronics companies rushed into computers and waited for the profits to roll in. With the exception of a lone company, they are still waiting...
While it has done much for the economy of France as a whole, the Common Market has been no boon to the French subsidiaries of General Motors and Remington Rand. Hard hit by massive French imports of low-priced Italian refrigerators. G.M.'s Frigidaire plant in France early this month laid off 685 of its 3,100 workers. Last week Remington, which has steadily lost ground in the French market to West German typewriter makers, announced that it planned to dismiss 300 French employees and move all its European portable-typewriter production to a newer plant in The Netherlands...
None of this was likely to cause much hardship. There is a severe labor shortage in most of France just now, and both G.M. and Remington had already lined up new jobs for 80% of the men they were laying off. Nonetheless, news of the firings provoked a storm of resentment; at the G.M. Frigidaire plant, Catholic and Communist unions joined in a protest demonstration. More ominous yet, French Minister of Industry Michel Maurice-Bokanowski hustled to the unions' support, thundering: "In the future, new foreign investment programs, particularly from U.S. firms, must be examined with greatest care...
...declining to call on the government for help. G.M. and Remington executives in France had lived up to their principles as free enterprisers. But they had also suffered a setback in public relations...
Arkansas' Senator John McClellan reached out his left hand, grabbed the long-barreled, bolt-action Remington .22 rifle at the balance, stretched a long, bony finger to the trigger, and poked the muzzle doubtfully into his belly. With that vivid gesture, Investigations Subcommittee Chairman McClellan last week voiced his conviction that the death, in June 1961, of Henry Marshall-a Texas cotton-program specialist for the Agricultural Stabilization and Conservation Service whose jurisdiction included Billie Sol Estes' cotton dealings-was murder. Said the Senator sternly: "I don't think it takes many deductions to reach the irrevocable...