Word: programing
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Dates: during 1960-1960
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Pennsylvania has set up the strongest program to aid local communities in their battle for survival. With about a fourth of all U.S. depressed areas within its borders, the state five years ago launched an industrial development program. Its heart was a $20 million revolving fund authorized to make loans to nonprofit development agencies for the construction of new plants in distressed areas. Result: the plan has attracted 389 plants (including Radio Corp. of America, Fruehauf Trailer and Chrysler Corp.) providing 106,000 factory jobs, encouraged the expansion of 700 existing firms, put to work 391 idle plants...
...founder of the company (formerly called Brunswick-Balke-Collender Co.), was company president and second-in-command to his elder brother Bob, the chairman, when he became worried about Brunswick's almost total dependence on its bowling business. In the early 1950s he pushed through a small diversification program, turning out aircraft components and school furniture. But before he could do more, his _ worst fears came true. American Machine & Foundry Co. invaded the bowling market with its automatic Pinspotter, which eliminated pin boys-and started bowling on its boom. To exploit its beachhead, A.M.F. also brought out a full...
...Bensinger went to work to develop an automatic pin setter of his own. Brunswick had experimented for years with automatic pin setters, but decided they were too expensive to produce-until A.M.F. proved this judgment wrong. So Bensinger organized a crash program, in 18 months put Brunswick's machine on the market...
...Owens Yacht Co., the second biggest U.S. builder of cabin cruisers, behind Chris-Craft. With the new companies, the bowling division's share of the company's total sales has dropped from 75% to about 60% in the past two years. Nor is Bensinger's expansion program complete. He is now studying more than 100 firms for possible acquisition and is busy setting up factories and bowling centers in Europe and Australia...
...acquisition of $180,000 instead of an expected $3,000,000 from the Program for Harvard College has caused "grave disappointment" to University Library officials, Paul H. Buck, Director of the Library, has asserted in the Annual Report...