Word: bethe
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...Medical Center was formed in the summer of 1956, when seven hospitals--the Peter Bent Brigham, the Massachusetts General, the Massachusetts Eye and Ear Infirmary, the Free Hospital for Women, the Boston Lying-in Hospital, the Children's Hospital and the Beth Israel Hospital--combined with the Medical School in an attempt to remedy their common financial problem...
...album also includes such little-known 19th century works as Hans Gram's The Death Song of An Indian Chief (words by "Philenia, a lady of Boston"), John Knowles Paine's Overture to As You Like It and Overture to Mac beth by Henry Fry, who claimed that his mammoth Santa Claus symphony was the longest "unified" instrumental piece on a single subject ever written. Fascinating history, modest music...
...producer, with assets of $2 billion and ingot capacity of 20 million tons, and Youngstown Steel, sixth biggest producer (assets $574 million, ingot capacity 5.8 million tons). The Antitrust Division, which had already warned Beth Steel it would fight the plan, promptly filed suit under Section 7 of the Clayton...
...forth in the complaint, was meager. It merely said that competition between the two companies would be eliminated in coke-oven byproducts, pig iron and semifinished steel products, but presented few specific details to show how, made no mention of the fact that even after the merger, Beth Steel would still be far smaller than U.S. Steel. Said a Justice man: "In this case you're losing the independent competing activity of the sixth biggest company in the industry. What more do you need than that...
...flaw in the Government's case, said Beth Steel, is that the two companies are more complementary, both by geography and by the products they make, than competitive. Bethlehem has plants on the east and west coasts, while Youngstown is concentrated in the Midwest. Youngstown produces many products that Bethlehem does not, e.g., seamless weld pipe, while Bethlehem manufactures steel types not made at all or in any large quantity by Youngstown, e.g., structural steels, rails, castings, stampings, machinery, freight cars, ships. The merger would permit product and geographic expansion that neither company could finance in the tight money...