Word: woolen
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Dates: during 1950-1959
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...Huge C124 Globemasters with tons of medicines, food and clothing (one ton of sulfa drugs, 10,000 hypodermic needles, 4½ tons of woolen blankets) took off for Pakistan from U.S. Air Force bases in Japan, West Germany...
...over the Statler chain, Mathieson Chemical and Olin Industries combined. Still more big mergers are in the making throughout industry. Packard and Studebaker stockholders vote this week on consolidating. Bethlehem Steel is talking merger with Youngstown Sheet & Tube, and Textron is working on a three-way merger with American Woolen and Robbins Mills...
...weather. The Air Line Pilots Association (A.F.L.) has sent out strike ballots to 3,500 pilots (one-third of the airline total) flying for American, United and Trans World Airlines, says that its members are flying the long runs only "under threat of discharge." THREE-WAY MERGER of American Woolen Co., Textron Inc. and Bachmann Uxbridge Worsted Corp...
...fallen through. Textron, which recently bought 45% (445,000 shares) of American Woolen's stock, blocked the merger because it felt the price of buying Bachmann Uxbridge was too high...
...running of a business. But management has been slow to learn the importance of good relations with another big group in the company: the stockholders. Sometimes the lesson has been taught the hard way. The managements of such big companies as New York Central Railroad, Decca Records and American Woolen Co., which never went out of their way to woo stockholders, suddenly found themselves this year fighting for survival in bitter proxy wars. In some cases the awakening came too late. In many others management had to take desperate steps, declare extra dividends and stock splits, and hurriedly beef...