Word: shipyards
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Dates: during 1960-1969
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...companies that account for more than 80% of the nation's output. In a small but violent dispute (at least 20 people injured), workers walked off the job at Virginia's Newport News Shipbuilding & Dry Dock Co.-the first general strike at the world's largest shipyard. Meanwhile, the possibility of a crippling strike by six railroad shopcraft unions flickered anew, though on Capitol Hill, there were hopeful plans to draft legislation to handle the dispute...
...Shipbuilding Corp., the firm's profits and dividends have been dropping; in 1966, there was a loss of $740,000 and no dividend at all. To halt the drain, Wolfson sold off a paint company, a small steel mill, the company's derrick division and a small shipyard, but the future seems so stormy that liquidation may be the only solution. Along with its losses on operations last year, Merritt-Chapman also added a $3,233,000 "special charge" to the books as a provision against losses if other properties have to be sold...
...Egyptian wife Fathia, whom he shelved years ago for more comely playmates, has taken refuge in Cairo, refuses to rejoin him or even to allow his three children to visit him. Few visitors bother to call on him. An $18 million frigate that he ordered from a British shipyard in 1964 as a private "command ship" was launched last week on the Clyde River with neither name nor ceremony. Unable to afford such extravagances, Ghana's present government, which inherited the ship, is looking for a buyer...
...take over the family firm. Then, in 1935, he struck out on his own: his father, then 72, seemed unwilling to retire -ever. Bergesen bought a 14,000-ton tanker and put it into a long term charter. Using the ship as collateral, he later purchased a faltering shipyard in Stavanger at a bargain price, installed oversized construction docks, then cashed in handsomely after World War II as one of the few European builders who could handle the demand for 17,000-ton jumbo tankers. He still builds for other operators as well...
...Beirut port, the cement industry, a gambling casino and a metalworks; in all, it employed 43,000 persons who with their dependents comprise a tenth of the country's population. Abroad, Intra's twelve branches spread from New York to Nigeria, its holdings from a French shipyard to a 27-story office skyscraper on Manhattan's Fifth Avenue...