Word: vought
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Dates: during 1970-1979
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When Ling-Temco-Vought took over Chicago's Wilson & Co. in 1967, James J. Ling showed the finesse of a butcher slicing a juicy porterhouse. He carved the company into three parts-meat packing, sporting goods and drugs-and sold pieces of each part to the public. The three parts, and their stocks, were quickly nicknamed "meatball," "golf ball" and "goofball." Now Ling is cutting his meatball into hamburger. Five companies will be chopped out of Wilson's meat operations: Wilson Certified Foods, Wilson Beef & Lamb, Wilson Laurel Farms, Wilson-Sinclair and Wilson Agri-Business Enterprises...
ACROSS the street, Rogers Harvard Square will give you $10 off a skirt made out of rabbit fur. Next door, at Estabrook and Co., the stockbrokers, they're featuring American Telephone and Telegraph at around $50. Ling-Tempco-Vought is reduced to $27 from a high of $97 in 1969, and Pan American World Airways has been cut from $31 to $14. Settebello next door has more dresses and shoes and such at around 30 per cent...