Word: telegraphs
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Dates: during 1960-1960
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...BILLION EXPANSION program was announced by American Telephone & Telegraph Co. for 1961, second largest outlay in company's history, only $100 million below 1960 record. Chief new projects: launching an experimental communications satellite in a north-south orbit over the Atlantic to transmit telephone calls and TV between North America and Europe, and expanding the Data-Phone facilities, by which computers can communicate with one another over regular telephone lines...
...Heinz makes half its sales in foreign markets, and this half produces two-thirds of all Heinz profits. Chesebrough-Pond's gets 57% of its profits from the 40% foreign slice of its sales, Coca-Cola 40% from 35%, Colgate-Palmolive 64% from 51% and International Telephone & Telegraph 75% from 60%. In most of the industrialized free-world countries, there are few or no restrictions on returning profits to the firm's home country...
...money, Thomson acquires a five-sixths interest in the venerable, liberal Belfast Telegraph (circ. 196,000), biggest and best daily in Northern Ireland's overcrowded field, plus the Belfast Weekly Telegraph, the daily Telegraph's international edition, which circulates to Irishmen round the world. The deal also includes Ireland Saturday Night, a prosperous sports magazine with 100,000 subscribers, and two other thriving Irish weeklies...
Puzzling out Kennedy's campaign line, European analysts usually came to something like "flexibility," and not much more. But most were confident that Kennedy meant change. Observed Britain's conservative Daily Telegraph: "The American people have chosen adventure. Such a choice from such a people could well mark a turning point in history towards an era full of peril but also of great promise." Largely unspoken at official levels but widely discussed in editorials was a widespread feeling that in its declining days, the Eisenhower Administration had somehow lost its first confident touch or, at any rate, lost...
...Times continues the cutback of the Hearst chain since control of the empire passed to Hearst Corporation President Richard Berlin after the death of William Randolph Hearst in 1951. More interested in profits than press power, Berlin got rid of the Chicago American and the Pittsburgh Sun-Telegraph, merged the San Francisco Call-Bulletin with Scripps-Howard's San Francisco News. Says one Hearst executive: "For years our strong papers-Baltimore, San Antonio, Seattle, Los Angeles-have been drained by losing operations. In the last two years we have decided on concentrating our resources in those areas where there...