Word: steels
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...example, General Electric has invested $38 million to modernize an outdated dishwasher factory. Central computer panels, sometimes monitored by just one person, check the full range of production and part supplies. The manufacturing process is carried out with a precision that cuts down on waste of materials like sheet steel, plastic and rubber hose. Controls can be quickly reprogrammed to make any of 15 dishwasher models...
Although Congress has just recently woken up to the danger of the oil takeovers--not to mention similar horror stories in the steel and railroad industries--nobody has done anything to stop them. The 1961 Reagan tax cuts for corporations gave them the fuel for their orgiastic frenzy of violent buyouts: the impotence of his attorney general in stopping them has acted as encouragement...
...more than token adjustments in the new $50 billion Socal-gulf company. Reagan can claim no significant anti-trust prosecutions during his tenure--despite the mergers that have resulted in 30,000-mile railroad giants like Norfolk Southern and Southern Pacific-Santa Fe, and the recent rumblings in the steel industry where U.S. Steel, Republic Steel and LTV Corporation, three of the five biggest steel companies in the country, are planning mergers and acquisitions...
...threat of Government antitrust action did end one proposed merger last week. U.S. Steel called off plans to link its steel operations with those of National Steel because of probable opposition from the Justice Department...
...Changes, Steel...