Word: remington
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Dates: during 1950-1959
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...keep the climate warm for U.S. investors, whose $800 million stake in Cuba includes huge plantations producing 40% of the sugar. In turn. Cuba will keep its big, guaranteed share of the U.S. sugar market. A dozen U.S. industries in Cuba, including Firestone, Du Pont, Reynolds, Phelps Dodge and Remington Rand, finished plants last year, and other big firms are going ahead with building plans...
...result of a major advance at venerable N.C.R., the world's No. 1 seller of cash registers and No. 2 maker of office equipment (after International Business Machines). N.C.R. is hustling to expand beyond mechanical to electronic machines. In this fiercely competitive field, N.C.R. started long after IBM, Remington Rand or Burroughs; its real push began only in 1952, when N.C.R. bought the small Computer Research Corp. of Hawthorne, Calif. (TIME, Oct. 6, 1952). Since then it has moved fast, boosted its research and development bill from $2,600,000 (1.1% of sales) to $14 million (3.6% of sales...
Brains for Banks. While N.C.R. hopes to cash in with these and other new specialty products, Allyn feels that the big market is for small computers and automated office equipment for small as well as big companies. He is willing to let IBM and Remington Rand dominate the market for huge scientific computers while he guides N.C.R.'s research into the broader market for smaller business computers. "We're aiming for fields where we can sell more than one computer," says Allyn. "We would rather make the Chevrolet than the Rolls-Royce...
...Mateos likes to rise at 6 and start the day with a cup of ink-black coffee and the newspapers, then shave with a Remington shaver. He dresses in double-breasted suits of conservative cut and dark color, wears monogrammed ties...
...manufacturers, big and small, poured in, chiefly to make products-pens, radios, brassieres, baby shoes-that needed a good deal of hand work and could be transported cheaply. Hastening to the island came Paper-Mate, General Electric, Maidenform, B.V.D., Consolidated Cigar, Weston, Union Carbide, Parke, Davis & Co., Remington Rand, Bostitch and others (see map). Last week the 667th factory-a cutlery plant in Gurabo -went into production. For the catalytic $40 million in loans, plant construction and promotion, Fomento got the island $275 million in investment, 80,000 new jobs. Like the moving needles on the instrument board...