Word: siemenses
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With the Giants. After merging the two companies into a $1.2 billion firm, Weinstock will repeat the renovation he carried out at G.E.C. He is expected to phase out unprofitable manufacture of heavy generators and transformers, concentrate on telecommunications and electronics, in which the company can compete against such foreign...
The influx of U.S. companies has been tapering off since last year, when American Cyanamid discovered it was simpler to raise money through a Delaware holding company, which does not have to withhold tax if 80% of its business is done outside the U.S. But European firms are more than...
Died. Adolf Lohse, 65, German financial wizard and longtime (1945 until retirement in October) top executive of the Siemens Group, maker of all things electric; of a heart attack; in Neugrünwald, Germany. Senior member of the group's managing troika, Lohse masterminded Siemens' recovery from wartime...
* A sampling: Gianni Agnelli, chairman, Fiat; George W. Ball, chairman, Lehman Bros. International; Eugene Black, director, Chase Manhattan Bank; Norton Clapp, chairman, Weyerhaeuser Co.; Howard L. Clark, president, American Express; Russell R. De Young, chairman, Goodyear Tire & Rubber Co.; Floyd D. Hall, president, Eastern Airlines; Robert V. Hansberger, president, Boise...
To Thyssen's present capacity of 8,500,000 tons of steel HOAG will add another 2,500,000 tons; combined annual sales may amount to $2 billion, moving the new enterprise up to third place among West German corporations, with only Volkswagen and Siemens ahead in sales. The...