Word: rental
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Dates: during 1960-1969
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Chairman Harold S. Geneen describes his $2.8-billion International Telephone & Telegraph Corp. as a "unified-management, multiproduct company." On that principle, in 48 major acquisitions in the last nine years, ITT has acquired a hotel chain (Sheraton), a car-rental company (Avis), a book publisher (Bobbs-Merrill), a home-builder (Levitt & Sons, Inc.), a paper and chemical company (Rayonier, Inc.) and assorted other ventures. Something Geneen still does not have is a consumer foods company. Last week he moved to remedy that deficiency by announcing that ITT, in an exchange of stock valued at $280 million, will soon acquire Continental...
...years raised some $87.6 million in loans and stock issues to finance research. Once the process-which is unique in that it permits use of ordinary paper-was perfected, Wilson made a second daring decision. Rather than sell his machines outright, he determined to lease them for a flat rental, charge a small fee per copy. Thus the early Xerox 914s, which cost some $2,000 to make, could earn more than $4,000 in one year alone...
...most likely to be accepted; the steel company will probably become the biggest single unit in a conglomerate that already includes such divisions as Wilson meats, sporting goods and chemicals, Okonite cable and floor coverings, airplane, missile and electronics manufacturing and, since last February, Braniff Airlines and National Car Rental...
...year-old movie Privilege, in which English politics are controlled by a charismatic rock singer whom the state exploits through mass media. In Boston, the major roles were played by White, Brown, and city councillor Tom Atkins. The strategy was simple. City Hall helped pay the Boston Garden rental, WGBH televised the show twice in the course of the same evening, and Brown was willing to have his talent used to keep the ghetto quiet. White made a public plea that people who had already bought their tickets return them and watch the show from the safety of their homes...
Club members and other interested persons will make one last attempt to save the club at a meeting March 24. One possible change would be a move to a new location. Rental rates in Harvard Square are to high to allow the club to operate profitably...