Word: kaiser
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Dates: during 1950-1959
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...land-development combine. Others started up airlines, banks, insurance companies and scores of smaller businesses ("The poor Chinese," goes a Hawaiian gag, "is the one who washes his own Cadillac"). From the mainland, too, came fresh capital and nien with big ideas. Pink-cheeked Millionaire Industrialist Henry J. Kaiser jolted the Big Five by plunking down $18 million for an apartment-hotel resort called "Hawaiian Village," starting a $350 million "dream city" in Oahu's Kokohead area. Sheraton Hotels took over four splendid Waikiki Beach hotels, including the Royal Hawaiian and Moana, and made them pay. The venerable Bank...
METALS American Can 1.07 1.28 Revere Copper & Brass .79 1.99 National Lead 1.70 2.21 Alcoa .88 1.32 Kaiser Aluminum & Chemical...
...second quarter operated at 94% of capacity v. 55% for last year's second quarter. But he also noted that the $676 million spent by the company on cost-cutting, modernization and expansion in the last decade has a lot to do with the record profits. Kaiser Steel credited its $214 million expansion program with lifting its six-month profit 122% over last year, to $2.61 a share...
...nation's basic industry spent their days picketing or doing odd jobs at home, the U.S. this week faced another deadline that could shut down a second major industry. With contracts covering 82% of U.S. aluminum-producing capacity about to expire, the top U.S. aluminum makers-Alcoa, Reynolds, Kaiser-turned down labor's demands for the same wage package that the union failed to get from steel management. Barring a last-minute truce, the United Steelworkers (32,000 aluminum members) and two other unions (28,000 members) were ready to walk out. A stoppage in aluminum would slow...
...hearth crew does the work of seven men, that in one plant five crews are employed to move steel where four could do the job. Featherbedding has helped to break whole firms: automakers now contend that it was a major factor behind the demise of Packard, Hudson and Kaiser cars. The United Auto Workers often insist that several types of skilled workers-machinists, oilers, carpenters, metal handlers-work on a single job that management says could be handled...