Word: fairchild
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...months, the factory will employ 300 workers, mostly unskilled, by the end of 1969. Planning is already far advanced, under the federal model-cities program, for something like 4,000 much-needed housing units in Bedford-Stuyvesant and other slum areas of New York. Earlier this month, the Fairchild Hiller Corp., working with a black community group, opened the doors of the new Fairmicco Corp. in Washington's Shaw area. Eventually, Fairmicco, which will turn out such products as foot lockers and unpainted furniture, will employ 250 and will be owned outright by its workers...
Eastman Kodak Co. has a Swiss man ager in Italy, a Dutchman in Portugal and a Cuban in Venezuela. SGS-Fair-child, European subsidiary of Fairchild Camera & Instrument Corp., advertises its management staff as "an SGS-Fair-child cocktail: one part Italian, four parts British, one part French, one part Swedish, one part German, served with an American olive...
...reputation of Bill Janss, who with his brother Edwin bought Sun Valley from the Union Pacific in 1964, turned it around from a has-been resort to a year-round success and favorite Christmas camping ground for the Kennedy clan. Even before Snowmass opened, house lots were bought by Fairchild Camera President Richard Hodgson, Borg-Warner Chairman Robert Ingersoll and Defense Secretary Mc-Namara (whose $75,000 private lodge has already been completed). The last 40 of the 104 lower-priced condominiums ($17,000 for a studio-efficiency) were sold out in 24 hours...
...safety commission from New York State showed off a design for a four-passenger Safety Sedan, developed under a $385,000 contract by Fairchild Killer Corp.'s Republic Aviation Division. Billed as a car to be developed with "an aeronautical approach," the sedan could, according to the safety commission, be mass-produced as cheaply as Detroit's lower-priced models, be far ahead in safety. Though New York State has no plans to build it, the design has such features as four-wheel drive for maximum traction and resistance to skidding, an all-window defrosting system, four roll...
...that the price of a stock will fall. Puts give the purchaser the right to sell 100 shares of stock at a set price at a future date. Last March, Manhattan's Thomas, Haab & Botts, one of the largest put-and-call dealers, sold a put option on Fairchild Camera for $1,750. It permitted the buyer to sell 100 shares of Fairchild stock at $119 a share any time before Sept. 26. By last week, that stock had dropped to $92, enabling the put holder to buy the stock in the market, then exercise his sell option...