Word: sprinklers
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Dates: during 1960-1969
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...grown impatient with such lethargic ways. The younger men are pushing the industry into more adventurous investments and diversification programs. Within the past year, INA Corp., the holding company for Insurance Co. of North America, has acquired World Airways, a charter carrier, and a manufacturer of fire-preventing sprinkler systems. Travellers Corp., owner of Hartford's Travellers Life Insurance Co., is dickering to buy Randolph Computer Corp., a major computer-leasing firm. This month, CNA Financial Corp., the Chicago-based owner of a group of life-and casualty-insurance firms, completed acquisition of The Larwin Group Companies, a California...
...sprinkler system had gone off at the same time as the alarm. When the men entered the room, there were no flames. Some furniture and papers were smoldering, and there was a lot of smoke. The policemen broke a window and threw charred maps, books, and a podium outside. Three fire engines, a ladder truck, and a rescue car arrived at 4:43 a.m. Moriarty said the police looked for fingerprints...
...they are not always effective; they can stumble as easily as they succeed. Harry Figge's "Automatic" Sprinkler Corp. went into a nosedive last year when strikes and production snags crippled two divisions, while a third ran into cost-control woes. Ogden Corp. suffered after its shipbuilding subsidiary hit rough weather. Tex Thornton's Litton ran into multiple trouble: losses in shipbuilding, engineering snags on a new typewriter, slumping sales of office furniture. Much to the dismay of investors, the company blamed its plight on management deficiencies...
THUS DOES Cooke approach his topics: with sketches, vivid description, and not a little humor below the surface. It is somehow appropriate that a chat about a Californian living in the midst of swimming pools, sprinkler systems, and ultra-modern cigarette lighters should conclude with a picture of this "professional Californian"--perhaps the precursor of a new civilization--sitting in his living room with a .22 rifle ready to blast into eternity the next squirrel that tries to munch from his laboriously-fostered grass lawn...
...today's rush to diversify, nothing attracts corporations more than recreation. Recent takeovers have included those by Chicago's Victor Comptometer of the company that makes Daisy BB guns, by Cleveland's "Automatic" Sprinkler Corp. of Rawlings Sporting Goods, by Ling-Temco-Vought of Wilson Sporting Goods, and by General Mills of game-making Parker Bros. Last month Fuqua Industries, a fast-growing conglomerate whose sales are above $60 million, reached far beyond its landlocked Atlanta base to buy Pacemaker Corp., a New Jersey boatbuilder with estimated sales of $25 million a year...