Word: tenneco
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...make and sell the revolutionary machine. By 1902 the firm had merged with four others and was called International Harvester. Last week the company (1985 sales: $3.5 billion) dropped that historic name. International Harvester, which last year sold its farm-implement business to the J I Case division of Tenneco, emerged from a nine-month-long name-lift operation as Navistar International. The new name, a blend of navigate and star, refers to the company's remaining line of business--medium and heavy trucks--and its goal of stellar performance...
...populated mostly by farmers and coal miners. Then, in 1978, the Department of Energy announced that it would finance a $2.1 billion commercial synthetic-fuels plant, the first in the U.S., to be built on the outskirts of Beulah. Operated by a five-member consortium of energy companies, including Tenneco and Transco Energy, the 600-acre project would turn coal into natural gas and be the centerpiece of the Government's efforts to produce substitutes for expensive imported oil. When the Great Plains Gasification Project opened in July 1984, Beulah was booming. Its population had jumped from...
Talk about a dubious distinction. The Council of Institutional Investors just released its annual "focus list," which spotlights 20 stocks that seriously underperformed their peers for five years. But some sporting investors have taken to using the list, which ranges this year from Adobe to Tenneco, to go bottom fishing for stocks that are about to rise...
Each delegate gets his or her own "goody bag," assembled by the host committee. The bags include a number of special convention-edition products, ranging from macaroni and cheese with elephant- and star-shaped macaroni from Philip Morris to Hefty storage bags from Tenneco to a "roll back the beer tax" mug from Anheuser-Busch. Also included are raisins by Dole Food, baseball caps from Warner Bros. and MSNBC, and a copy of the new book by G.O.P. chairman Haley Barbour--and all in a red-white-and-blue tote...
...computer giant that has lost $8.37 billion so far this year. In June a troubled Westinghouse Electric asked Michael H. Jordan, a partner at the New York City investment firm Clayton Dubilier & Rice, to succeed outgoing chairman Paul Lego. Former Union Pacific chairman Michael Walsh replaced James Ketelsen at Tenneco, a Houston-based auto-parts, shipbuilding and natural-gas conglomerate. Outsider Stanley Gault left retirement to take charge of laggard Goodyear. And Lawrence Bossidy, a General Electric veteran was recruited for the top job at Allied Signal, whose business supplying components to the aerospace industry was in a downdraft...