Word: next
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Dates: during 1960-1960
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...Next step for the C. & O. will be to ask the Interstate Commerce Commission to permit the exchange of stock to give C. & O. control of the B. & O. Tuohy insists on control as a first step toward merger, since he wants to make some changes in the financial structure of the debt-ridden B. & O., notably alter a clause requiring that a $23 million bond issue be paid up if the B. & O. merges. After that, he intends to push for complete merger of the C. & O. and B. & O., which would create a vast railroad net rivaled only...
Sikorsky barely beat its chief competitor, Boeing Airplane Co.'s Vertol Division, into the field. Vertol has converted its twin-turbine military helicopter into a civilian version called the Vertol 107, will begin turning out production models early next year. The 107 will seat 26-30 passengers, cruise at 150 m.p.h. New York Airways has already ordered...
...nothing better than discovering things to sell. Once when a woman asked for a dress in a certain shade of buff yellow she had seen in a painting, Marcus had a fabric dyed to order in New York, made up a dress specially for her for only $42. The next season Neiman's "buff yellow" was a bestseller and a fashion...
...Dublin last week the Borden Co. announced that it has chosen a site in County Cork in the heart of Ireland's dairy country to build the biggest dry-milk plant it has ever constructed outside the U.S. The new plant, scheduled for completion next May, will cost $2,240,000, employ 50, and produce about 9,000,000 lbs. of dry whole-milk powder a year, chiefly for export to South America...
...chairman and chief executive officer of the Ford Motor Co., reassumed the post of president vacated by Robert S. McNamara, who resigned to become Defense Secretary (see NATIONAL AFFAIRS). Ford is filling the post only temporarily, touching off a guessing game as to who will be the next president. Among the most likely candidates: John Bugas, 52, vice president of Ford's international group; James O. Wright, 48, chief of Ford's car-and-truck division (McNamara's job before he became president...