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...Textron's Offer. Just before last week's meeting, Textron's Royal Little, whose company has also been losing money (net losses in the last two years: almost $5,000,000), offered to exchange its own stock-for that of American Woolen, and to take over the company as its own woolmaking subsidiary...

Author: /time Magazine | Title: CORPORATIONS: Fight for American Woolen | 2/8/1954 | See Source »

...tall, bald and humorless President White opened the meeting, he announced that a stockholder had obtained a court injunction that prevented him from holding the meeting. Reason for the suit: Textron had not had enough time to get its plan before the American Woolen stockholders. Up jumped Lewis D. Gilbert, who makes a career of attending stockholders' meetings, to protest adjourning "this meeting without the approval of stockholders." Replied White: "But I'm the defendant. I am not permitted to go on with the meeting." In the confusion of other protests, Lawyer Robert H. Montgomery, company clerk, recognized...

Author: /time Magazine | Title: CORPORATIONS: Fight for American Woolen | 2/8/1954 | See Source »

...Nashua, N.H., which has lost 4,000 jobs since Textron decided to close its mills in 1948, has lured 26 new companies to the area in recent years and now has little unemployment. When Henry Kaiser starts electronics production there next month in an old Textron plant, more than 1,000 additional jobs will open...

Author: /time Magazine | Title: INDUSTRY: Yankee Renaissance | 12/8/1952 | See Source »

Despite Kahn, the southward migration of New England's textile industry continued. Monroe County, Miss, prepared to float a $2,600,000 bond issue to supply Rhode Island's Textron, Inc. with a plant-all part of Mississippi's well-organized program to "balance agriculture with industry." Since this program got under way in 1938, Mississippi has lured nearly 70 new plants (mostly textiles) to the state. Result: state employment has jumped by 15,000, payrolls by $35 million. Kentucky, Tennessee and Alabama have similar programs...

Author: /time Magazine | Title: TEXTILES: Answer to a Problem | 10/22/1951 | See Source »

...hardest hit was the textile industry, whose sales have been "slow to lousv" for four months. Textron, Inc., whose rayon weaving mill in Suncook, N.H. closed down for vacations at the end of June, decided to postpone reopening of the plant indefinitely; its nylon weaving plants closed down for two vacation weeks instead of the normal...

Author: /time Magazine | Title: STATE OF BUSINESS: Breather | 7/23/1951 | See Source »

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