Word: aec
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...size and scope of one of the nation's newest and most vital industries. In a few brief years the mining and processing of uranium has grown from a midget industry into a giant, with an output worth more than $100 million a year. In 1956 alone, the AEC's figures revealed, the industry processed 3,000,000 tons of raw ore into 6,000 tons of uranium concentrate (one ton of concentrate contains 11 Ibs. of U-235, the reactor fuel...
...reason for such a dramatic shift in business philosophy is the change from the privately owned company, operated for the enrichment of its owner, to the publicly owned corporation, run by the professional manager. Says ex-AEC Chairman David E. Lilienthal: "The job of running a big company is more nearly like that of a public official than that of a traditional business owner or manager." The modern manager has no less an obligation to provide steady jobs, good wages and advancement opportunities for his employees than he has to make a profit for his stockholders...
...AEC POLICY will permit test reactors to be built by private industry for first time. AEC wants U.S. business, not Government, to build and operate reactors needed by industry to test parts of other reactors. AEC now operates nation's only two test reactors, but will not lease them to industry if private reactors are available. Negotiating with AEC to build test reactors are AMF Atomics Ltd. and Battelle Memorial Institute...
ATOM POWER PLANT for first nuclear-powered merchant ship will be built by Babcock & Wilcox Co. To get AEC contract, the company beat out General Electric, Westinghouse and others. Reactor will be advanced model of thermal type used by atom submarine Nautilus...
FIRST NUCLEAR REACTOR for commercial export has been approved by Atomic Energy Commission. Built by North American Aviation, 50-kw. reactor will go to Japan for use in research. AEC will follow with export licenses for reactors to West Germany, The Netherlands and Brazil. 20TH CENTURY-FOX, second biggest U.S. moviemaker, is moving solidly into television's camp. For $30 million, Fox has given National Telefilm Associates rights to distribute 390 of Fox's best-known pre-1948 films (Laura, The Razor's Edge, Gentleman's Agreement, etc.) over network of 112 U.S. TV stations...