Word: processor
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...atomic weights and unique electrical properties make them invaluable servants: argon for welding, krypton for long-lasting light bulbs, and xenon for high-intensity lights such as those used at airports. Even the more common gases are moving into new fields. In the next few months a big food processor will announce that it is flash-freezing fruits and vegetables with liquid nitrogen, which locks in that on-the-vine flavor. Last week McDonnell Aircraft announced that it has ordered eight special nitrogen-cooled chambers that re-create the lonely cold and vacuum of outer space...
Last week a combine made up of the Italian Fasco investment company and a subsidiary of the French Banque de Paris et des Pays Bas agreed to put up more than $14 million to buy a 20% interest in the Chicago-based food processor, Libby, McNeill & Libby, which only recently was criticized by De Gaulle's government for its plans to set up a major canning operation in the south of France. Presumably, Libby will now be welcome. In Hawaii, Tokyo's Kokusai Kogyo Co. is awaiting only Japanese government approval before handing over $8.7 million...
...estimated 6% of Wheeling's common shares already, Simon is now the company's second biggest stockholder (the biggest: Ohio's Cleveland-Cliffs Iron Co.. with around 10%), and he is still buying. Simon, who has built Hunt Foods into a leading West Coast food processor, claims to be interested in Wheeling only as a personal investment, but some Wall Streeters believe he is actually moving to expand Hunt into a nationwide giant. Once he has a hammerlock on Wheeling's tinplate production, they speculate, he may then try to take over an Eastern food...
...Four were General Motors (1961 sales: $11.4 billion), Jersey Standard ($8.4 billion), Ford ($6.7 billion) and General Electric ($4.5 billion). Socony Mobil ($3.32 billion) rose from sixth to fifth, overtaking U.S. Steel ($3.3 billion). Only new face among the top ten was the nation's largest food processor, Chicago's Swift & Co. ($2.48 billion), which moved back up to tenth place after slipping to eleventh in 1960. Swift's return to the top ten was a result of the decline of Chrysler, which, with sales off 29% to $2.1 billion, skidded from seventh place...
...meats. Today, Nestlé markets everything from soup to nuts, has 75,000 employees and 180 factories in 34 countries. With annual sales of $1.5 billion, it is the world's fifth biggest corporation outside the U.S.-though only two-thirds as large as the biggest U.S. food processor, Chicago's Swift...