Word: processors
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Dates: during 1960-1969
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...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...
...turn of the century, has been expunged from its corporate history). It has had to test its advice in action. As controlling stockholder, it has had to step in to straighten out management problems, at times has found itself running an insurance company, a machinery maker, a food processor, a coal-mining firm, and a molasses company. To settle the estate of one wealthy New York lawyer, the bank merged three small cement companies he controlled, formed General Portland Cement Co., which in 13 years has jumped from $15 million in sales to $59 million...
...Harry L. Wildasin, Laboratory Director for Hood, said tests have been run on milk from every Hood processor in New England. Some samples have shown no measureable radioactivity, while others have shown measurable but very low radioactivity. No milk so far is considered dangerous by Wildasin and public health officials...