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...that Sherlock Holmes knew by heart. A fervent Brad shaw buff's severest censure of a fellow devotee: "He is rather weak on his Sun day locals." Nonetheless, Beeching last week was going ahead with a 1 5-year, $4.2 billion cost cutting program. "Railways," sighed a British Transport Commission official, "will never be the same again...

Author: /time Magazine | Title: Great Britain: Dr. Beeching's Bitter Pill | 4/6/1962 | See Source »

...stemmed largely from the company's ill-fated invasion of the commercial jet transport market with its Convair 880 and 990-a venture that has involved G.D. in the biggest single product loss ($470 million) in U.S. corporate history...

Author: /time Magazine | Title: Corporations: A $143,200,000 Loss | 4/6/1962 | See Source »

...contrast, the Edsel fiasco cost Ford Motor Co. about $200 million.) With the 1961 write-offs, the great bulk of G.D.'s jet transport losses had presumably been accounted for, and some Wall Streeters were predicting that the company might earn as much as $3.75 a share this year. But under the terms of a $135 million Prudential loan, which requires General Dynamics to make up past losses before it pays out any more cash dividends, shareholders can expect dividends only after future earnings "exceed

Author: /time Magazine | Title: Corporations: A $143,200,000 Loss | 4/6/1962 | See Source »

...delivered into the hands of Morocco's African Affairs Minister, Dr. Abdelkrim Khatib. Then the U.S. entered the picture. Responding to a request by Morocco's King Hassan II, the State Department, "with President Kennedy's knowledge," passed the problem on to the Military Air Transport Service, which produced a Pan Am Boeing 707 jet available for charter...

Author: /time Magazine | Title: World: The Return | 3/30/1962 | See Source »

...same time. Lockheed's manned birds were flying high. The Navy's lumbering antisubmarine P2r plane, the Hercules cargo transport and the F-104 all-weather jet interceptor brought 1961 sales of another $459 million. And Lockheed, the biggest beneficiary of the Pentagon's new emphasis on brush-fire mobility and military airlift, last March won a contract to build the big military transport plane of the future, the 158-ton. 550-m.p.h...

Author: /time Magazine | Title: Aerospace: Lockheed Comes Back | 3/30/1962 | See Source »

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