Giant Corporation Buys Producing Company in Film Shakeup
Westinghouse Electric Corp absorbs MCA in a deal that consolidates Universal Pictures and Decca Records, creating a finance backed studio powerhouse. Jules Stein and Lew Wasserman hold significant MCA stock, with potential tax advantages, as industry plays shift toward corporate funding for movies and television.
MENTIONED IN THIS ARTICLE
Hollywood
Westinghouse
MCA
Universal Pictures
Deccards
Jules Stein
Lew Wasserman
Universal Studios
Westinghouse Electric Corp
Stein
Wasserman
United Artists
Transamerica
Paramount
Gulf and Western
St Louis High Students Attend Music Camp
Three St Louis High School students join the 37th annual music camp at Farmington State College with 250 plus youths for a two week session. Rudolphe Ross Roger Normand and Michael Remillard, all Biddeford residents, stay in Scott Hall and will present two concerts. The camp offers courses in band chorus and orchestra with a recreation program for Maine and out of state youths.
MENTIONED IN THIS ARTICLE
St. Louis High School
Farmington State College
Rudolphe Ross
Lindale Avenue
Roger Normand
Oscar Normand
Sunset Avenue
Michael Remillard
Armand Remillard
Granite Street
Biddeford
Old Orchard Memorial Auxiliary Beans and Slaw Sale
Old Orchard Memorial V F W Auxiliary schedules a sale of home baked beans and cole slaw at Zahares I1.G.A. Food liner Heath Street at 10 a m tomorrow. President Mrs Pauline Gordon will chair with auxiliary members assisting.
MENTIONED IN THIS ARTICLE
Old Orchard Memorial V.F. W
Zahares
Paper Jam Forces Reckoning On Wall Street
AP reports record-keeping failures ripple through Wall Street as Mates Investment Fund struggles to handle orders and SEC actions roil Pickard & Co. Meanwhile Fortune cites 5 percent of member firms under restriction and questions bear market risks to clearing and delivery systems.
MENTIONED IN THIS ARTICLE
John Cunniff
NEW York
Mates Investment
Mates
Securities and Exchange Commission
Pickard & Co
SEC
New York Stock Exchange
Pickard
Exchange
Fortune
Stock purchase paperwork boom blamed for chaos
A Biddeford-Saco Journal report notes that buyers who miss bills and announcements while stock values drop may refuse orders. The piece argues this will worsen chaotic records, increase litigation, and burden overworked staffs, blaming narrow business practices and long remedy times.
Also Mentioned on This Page
Maine Army
Fort Dix
N. J
76Th
West Hartford
James Brewster
South Portland
Christo L. Ladakakos
New Jersey
Maurice C. Fournier
Greenville
R. L
Ladakakos
American Legion
U. S. Army Reserve Center
Saco
Foss Street
Giant Corporation
By Bob Thomas
Plymouth
Colonial Realty Co., Inc
Graham Street
Ford
New England
St. Louis High
Old Orchard Beach
Clement P. Wight Dial
Martinique
Pyert
Wall Street
Fortune Magazine Reports
Roger S. Labbe
Youland
Jewelry
Main St
Alfred Road
Maytag, Kelvinator, Whirlpool & Frigidaire
Kelvinator
Frigidaire
Ing
Main Street
Biddeford-Saco
Wangan
Saco Valley Shopping Center
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