Word: tobacco
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Dates: during 1960-1969
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...deepening economic chill, Britain has been swept with merger fever. Over the past few months, major deals have been made in aircraft and steel. Others are afoot in chemicals, electronics, autos and oil. But when the giant London-based British-American Tobacco Co. Ltd., joined in with a bid for Yardley & Co. Ltd., one of Britain's biggest and best-known perfume and cosmetics makers, all it got was a lather of dissent...
...proposal made eminently good sense. With scores of brands-ranging from Kools and Viceroys in the U.S. through its Brown & Williamson subsidiary to Tom Toms in Malawi-on sale in over 150 countries, BAT is the world's biggest, most profitable (1965 earnings: $230 million) tobacco company. But BAT needs a sizable British business to help balance highly taxed foreign earnings (it sells no tobacco in England) and, not least, to ensure its growth against a leveling off of tobacco sales because of the health scare...
...such churchmen as Reinhold Niebuhr and Bishop James A. Pike, the committee claims to have pledges of deposit withdrawals totaling $22 million. Defenders of the committee argue that there is ample precedent for such a boycott: most Protestant churches refuse to invest in companies that manufacture alcohol or tobacco products. Boston's Episcopal Bishop Anson Phelps Stokes Jr. believes that the churches should no more support apartheid, even implicitly, than they should buy "real estate that was being used as a brothel...
...automobile, the Anadol, a sprightly little sedan that will go into production next month. "We are up to our ears in projects," Demirel says excitedly. "There is plenty of copper, lead and zinc in eastern Anatolia. There is some oil. There are magnificent stands of hardwood and softwood timber. Tobacco is already thriving around Izmir. There is great potential for livestock. Our Mediterranean coastal beaches could bring us $100 million a year from tourism...
...than corporate figures. He was born in Manhattan, the only child of well-off Jewish parents whose ancestors came from France. His father, Gustave, was a successful lithographer who designed ketchup-bottle labels and cigarette cartons, and his mother had a comfortable income from her family's wholesale tobacco business. Neither of these pursuits entranced young Bennett at all. Nor did a literary career. By the time he graduated from Columbia in 1919 with a B.A. degree in journalism and a Phi Beta Kappa key, his mother had died, leaving him $100,000. With nothing better in mind, "Beans...