Word: multimillion
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Dates: during 1950-1959
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Chief gain: a long period of labor peace and stabilized costs, permitting a planned multimillion-dollar expansion...
...PRIVATE LOAN for European Coal and Steel Community from U.S. bankers is coming. Six-nation group set up in 1952 to provide single production and selling group for coal and steel has asked three big U.S. investment houses (Kuhn, Loeb; First Boston; Lazard Frères) to help plan multimillion loan to modernize coal mines, coking plants, etc. Previously, Community borrowed $100 million from U.S. Export-Import Bank...
...Steel opened a $10 million laboratory at Monroeville Pa.; Union Carbide & Carbon Corp. moved into a $6,000,000 Parma (Ohio) research complex; General Electric completed a $5,000,000 Cleveland laboratory for the study of "psychological and physiological effects of lighting on humans, animals and plants." Other multimillion-dollar research centers are being blueprinted by Ford Motor, General Dynamics' General Atomic Division, Westinghouse Electric, Koppers, Gulf...
...will expand production nearly tenfold. Using a sodium-based process, National Distillers will turn out 1,000,000 Ibs. annually for the AEC, build a multimillion dollar plant at Ashtabula, Ohio. By modifying the "Kroll Process" for refining titanium, Carborundum Co. will boost production from 325,000 Ibs. to 825,000 Ibs. annually. Using its own process, National Research Corp. will produce 700,000 Ibs. annually for five years, collect $22.7 million. It will build a $6,000,000 plant at Pensacola, Fla. to start production by early 1957 from beach sand...
Hollywood's sellout to TV last week moved into the multimillion-dollar bracket. Thomas F. O'Neil, president of General Teleradio and new board chairman of RKO Radio Pictures, announced a $15 million deal with C & C Super Corp., which has taken a perpetual lease on 740 RKO features and 1,000 shorts. The features include such old favorites as Gunga Din, Citizen Kane, The Hunchback of Notre Dame, Abe Lincoln in Illinois, Kitty Foyle, Stage Door, Having Wonderful Time, Once Upon a Honeymoon and eight Fred Astaire-Ginger Rogers musicals. All the films in the package...