Word: week
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
Ever since Britain's De Havilland Comet screamed across the sky last summer in its first 500 m.p.h. test flight, U.S. airline operators have wondered how the first jet airliner would perform as a fare-earning carrier. Last week, De Havilland gave out a detailed report on 150 hours of test flights...
T.W.A., the third U.S. North Atlantic carrier, objected to the sale. Last week, in a 200-page report, Civil Aeronautics Board Examiner Thomas Wrenn brushed aside T.W.A.'s protests and recommended that CAB approve the merger. Cried T.W.A. President Ralph Damon: a "monopolistic grab...
...Last week, without so much as a by-your-leave to the U.S. conferees, Britain announced a solution all its own. Beginning Jan. 1, it will ban imports of fuel oil to Britain from the dollar areas until all oil from sterling areas is used up. Imports of dollar gasoline will be cut by one-third. Britain hoped that it could thus save 5% to 10% of dollar expenditures on oil, because in the last few months the oil supplies of the sterling area have gradually changed from shortage to surplus...
Coast to Coast. Last week they were winding up a deal that will nearly double their size. Chicago's federal court had approved their $1,940,000 bid for the bankrupt trucking company that Chicago's burly, brash John Keeshin had sprawled over 17 states from Boston to Washington and up through the Midwest to the Twin Cities. Overexpanded and harried by labor troubles, Jack Keeshin had pulled out of the line in 1945 (TIME, Nov. 12, 1945) just before it slumped into bankruptcy. Nursed back to health by court appointed trustees, the Keeshin Freight Lines made $484,000 before...
When its top executive echelon was killed in an air crash in Canada last fall (TIME, Sept. 19), Kennecott Copper Corp., biggest U.S. copper producer, started scouting for replacements. Last week the directors reached outside the industry to pick a new president. He is Charles R. Cox, 58, president of Carnegie-Illinois Steel Corp., biggest steel-producing subsidiary of U.S. Steel Corp...