Word: budd
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...change his habits. Despite his proclaimed affection for Hellman, he continued to patronize ladies of the evening and once asked her to join in a threesome (she declined). Hammett admired Marxism more than the U.S. Communist Party but joined a celebrity cell where he indulged in what Budd Schulberg called "dialectical materialism by the pool." In 1951, long after most film radicals had fled the cause, he spent six months in prison for refusing to divulge names in a Communist-hunting case...
Your story on the award of a contract for New York City subway cars [July 26] is somewhat misleading. You refer to the loss of the contract by the Budd Co. of Troy, Mich., to Canada's Bombardier Inc., but neglect to mention that the cars will be assembled in Bombardier's U.S. plant in Barre, Vt. You imply that several hundred jobs will be lost to Budd, but ignore the new jobs that will be created with Bombardier in Vermont, and also those that will be saved at Westinghouse Electric in New York, where motors and other...
...Budd quickly challenged the argument that subsidized credit was not important. Said President James McNeal Jr. in Michigan: "That's a lot of crap. Financing was obviously a factor...
...Budd has hired a battalion of attorneys who will continue battling the decision. The firm has labeled the Bombardier financing "predatory and noncompetitive" in complaints filed with the Commerce Department and the International Trade Commission. The struggle is also being waged in Congress, where Michigan Senator Donald Riegle Jr. and Congressman James Blanchard have introduced bills to aid U.S. firms that compete with foreign bidders. Says Blanchard: "This decision makes it apparent that we cannot rely on the discretion of the Administration to see that U.S. industries are able to compete on an equal footing with foreign firms...
...Budd, an American subsidiary of Thyssen AG, a huge West German steelmaking firm, has lost five other rail-car contracts in the past two years to Canadian, Japanese and Italian competitors. Budd has done business with the MTA for two decades, and is to deliver 316 subway cars in 1984. The company said that as a result of losing the latest contract it will lay off up to 40 engineers and cancel plans to hire 550 workers in New York...