Word: shakedowns
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Dates: during 1940-1949
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When Floyd B. Odium's Atlas Corp. bought control of Consolidated Vultee Aircraft Corp. from Financier Victor Emanuel in 1947, Odium expected a rough ride. Like other investors in aviation, he knew that the aircraft industry was in the midst of a postwar shakedown. But the ride was far rougher than Odium had expected...
Ward knew that the wartime textile boom would not last forever. Three years ago he set his research chief, Everett Nutter, to developing a new cloth to meet the hot competition of rayons and tropical worsteds. The shakedown in the textile industry came before Nutter's new fabric was ready. In the first three quarters of Goodall-Sanford's last fiscal year, the company's profits fell 51%; Ward quickly decided on his price-cut to clear out stocks for his new fabric...
...last week's test flight, the Jetliner's speed was held down to 317 m.p.h. Jam-packed with testing instruments, the plane is slated for months of rigorous shakedown flights; within six months a second Jetliner is expected to be ready for additional tests...
...eight aliases, with a 20-year criminal record studded with seven arrests (forgery, robbery, grand larceny, theft of Government property) and four convictions for theft, forgery, and fraud. A four-time loser, he was on parole from the federal prison at Atlanta, and was an "accomplished shakedown artist." What was Hearst going to do about...
Jaakko Mikkola's varsity track team went on a shakedown cruise in the Cage Saturday and the results of the practice meet with Northeastern and BU showed just about what everybody had expected...