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Post has also begun to dabble outside insurance with great success. With James Ling, boss of Ling-Temco-Vought, he is building a 31-story skyscraper in Dallas. A Post mutual fund called Life Insurance Stock Fund, with a portfolio of life insurance shares, last year increased its value per share from $5.99 to $13.01, for the best gain of any U.S. mutual fund. (Current value per share...

Author: /time Magazine | Title: High Finance: The Quiet Texan | 11/30/1962 | See Source »

...nation's biggest industrial companies actually operated at a loss. General Dynamics, which lost a massive $143 million on its jet-transport debacle (TIME, Sept. 15 et seq.), led the red-ink list. It was followed by J.I. Case (loss: $32 million), Yuba Consolidated ($14 million), Ling-Temco-Vought ($13 million), Underwood ($9 million) and Hearst ($9 million). Of these seven heavy losers, all but Ling-Temco-Vought had also...

Author: /time Magazine | Title: Industry: The Top 500 | 7/13/1962 | See Source »

Ordered back to the U.S., Glenn ended up as a test pilot for the Navy's Chance Vought F8U Crusader fighter. On one flight, Glenn showed the determination that later landed him in the cockpit of Friendship 7. He had the F8U up to Mach 1.2 when something snapped and the plane veered sharply. Most test pilots would have gingerly guided the plane back to the base, but Glenn, scribbling notes all the while, stubbornly pushed the fighter up to Mach 1.2 two more times to see if it would happen again. It did. When he finally landed, Glenn discovered...

Author: /time Magazine | Title: Nation: Space: The Man | 3/2/1962 | See Source »

Appropriately, the Enterprise packs the biggest punch of any aircraft carrier in history: three squadrons of 680-m.p.h. Douglas A4D attack bombers that can carry H-bombs 1,000 miles; one squadron of 1,000-m.p.h. Chance Vought F8U interceptors; one squadron of North American A3J all-weather attack bombers; one squadron of the versatile, all-weather McDonnell F4H Phantom II, which last week set a new world's speed record for jet flight of 1,600 m.p.h. To launch one of its 100 planes every 15 seconds, the Enterprise will use four steam-operated catapults that...

Author: /time Magazine | Title: Armed Forces: The Mightiest Ever | 12/1/1961 | See Source »

...legal basis for the suit in the first place." For the Justice Department, Miner's decision was a bitter blow, coming as it did two weeks after a Dallas judge had similarly refused the department's attempt to bar the merger of aircraft-making Chance Vought Corp. into Ling-Tem-co Electronics Inc. But at week's end, as the two Chicago banks became one, a Justice Department spokesman coldly warned: "We still plan to go to trial...

Author: /time Magazine | Title: Business: Confusion in Justice | 9/8/1961 | See Source »

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