Search

Focuses on ITT Corp. and its Chairman and Chief Executive Officer Rand Araskog. Comment on the days when ITT stocks underperformed; Information on the splitting by Araskog of the conglomerate he inherited in 1979; Description of the stocks of ITT; Information on the revenues of ITT; Details of the amount spent by ITT to buy assets; Description of various purchased by ITT; Information on the worldwide hotel business of the company; Information on other businesses of the company.

The article focuses on the strategies of chairman Rand V. Araskog for the U.S.-based conglomerate ITT Corp. Araskog has launched IT at one of the most volatile markets around, the U.S. telecommunications and the automated equipment market. He emphasized his plans of making ITT a leader in telephone systems abroad. INSET: ITT'S PERSONAL COMPUTER MAY BE TOO LITTLE, TOO LATE.

Focuses on political conditions of the U.S. as of March 20, 1972. Issues raised in political campaigns of the U.S. Democratic and Republican Parties in San Diego, California; Terms of out-of-court settlement of California-based ITT Corp. and Hartford Fire Insurance Co.; Role of primaries to test how political candidates perform under stress; Features of the New Hampshire Primary; Others.

The article reports on the disinvestment efforts by U.S. conglomerate ITT Corp., under its chairman Rand V. Araskog, to focus on insurance and financial services. ITT has spun off System 12 and other telecommunications units into a joint venture called Alcatel, which will be run by French firm Compagnie Generale d'Electricite. Plans for ITT's Rayonier, Sheraton, Communications Operations and Information Services, Hartford Insurance, STC PLC and its avionics business are also discussed. INSET: ED CARPENTER: ITT'S FIELD MARSHAL AND MR. FIXIT.

The article describes ITT Corp. chairman Rand Araskog's strategic plan for the turnaround of the troubled American conglomerate. The plan includes the sale of the telecommunication equipment business to the France-based government-controlled Compagnie Generale d'Electricite (CGE) and reduction of corporate debt amounting to one billion dollars.

The article presents a series of letters written by S.S. Dickenson, who had been an employee of Commercial Cable Co., discovered in the archives of ITT. The letter depicts a disclosed attempt to train carrier pigeons to fly messages from Sable Island to Hazel Hill Nova Scotia, which were written from 1896 to 1900. The letters illustrate the humble beginnings that deals with one root of ITT's history.

Several letters to the editor are presented in response to articles in the 1972 issues which include one on the presidential candidates of the Democratic Party in the U.S. in March 27 issue, one on the relationship between ITT Corp. and the Republican Party in the U.S. in April 3 issue, and one on term used for the Aboriginal Embassy of Australia.

The article discusses the alleged involvement of U.S. President Richard Nixon's administration in the settlement of antitrust suits against ITT Corp. According to columnist Jack Anderson, the administration settled the suits in exchange for a 400,000 dollar pledge by an ITT subsidiary to help underwrite the Republican National Convention. However, the statements by Attorney General Richard Kleindienst and former Attorney General John Mitchell at one of the hearings denied such links.

The article presents information on antitrust suits by the U.S. Administration against ITT Corp. The Government moved against ITT in 1969, to prevent the nation's eighth largest industrial corporation from expanding. Thereafter, ITT President Harold S. Geneen told Republican Congressman Bob Wilson of San Diego that ITT would provide up to 400,000 dollar to finance the Republican Convention. As a result, the U.S. Justice Department dropped its suits against ITT, and reached a settlement.

Reports on the hearing of Richard G. Kleindienst, a nominee for the post of Attorney General of the U.S., on ITT Corp. affair. Description of ITT anti-trust settlement; Revelation that Kleindienst's neighbor John Ryan, an employee of ITT, asked Kleindienst whether he would be willing to listen to a new argument against the justice case; Grounds cited by Kleindienst for his conduct; Fact that during the first set of hearings, before ITT had come up, Kleindienst was asked to give his thoughts on the Mayday demonstrations of 1971 and the use of mass arrests; Reaffirmation of Kleindienst that if the circumstances were the same today, he would make the same decisions he made on ITT.

This section offers news briefs in aviation and space technology in the Americas as of January 11, 2010. Boeing renamed its Integrated Defense System (IDS) unit to Boeing Defense, Space and Security following a reorganization. A restructuring was announced by ITT Corp. A contract to modernize 34 AS365K Panther helicopters for its army troop transport and light support was awarded by Brazil to Helibras.

This section offers news briefs on the U.S. aerospace industry. An expedited recertification process is being conducted by the U.S. Defense Department for the Advanced Extremely High Frequency (AEHF) satellite system. The U.S. Army Research, Development & Engineering Command Acquisition Center has ordered AN/PVS-14 night-vision monocular devices from ITT Corp. Viking Air has launched its DHC-6 Twin Otter Series 400 technology demonstrator.

The article offers news briefs related to the plumbing industry. The Plumbing-Heating-Cooling Contractors-National Association will host PHCC Connect 2010 from October 27-30 at the Paris Hotel and Casino in Las Vegas, Nevada. JBS Mechanical has been acquired by TDIndustries and the integration of the facilities is expected to be completed by end of September 2010. Companies Goulds Pumps Inc. and ITT have awarded 14 scholarships of 1,000 dollars each to the children of residential well drillers.

The article evaluates several electric bilge pumps from Attwood Marine Products, Rule/ITT Corp., Shurflo, and Johnson Pump.

The article presents a comparison of marine toilets used by sailors in the U.S. including Raritan PHII Standard from Raritan Engineering Co. and Jabsco Compact Head from ITT Corp.

The article offers engineering-related news briefs in the U.S. The $21 million-roller coaster Maverick at the Cedar Point amusement park in Sandusky, Ohio was aimed to be the fastest by using linear synchronous motors (LSMs) to magnetically propel its trains on the track. International Motion Control (IMC) Inc. was acquired by ITT Corp. for $395 million. Phyllis Russell was appointed executive director at Power Transmission Distributors Association (PTDA) Foundation in Chicago, Illinois.

Recalls various events related to the establishment of Cablevision Systems in the U.S. from 1965 to 2002. Launch of the regional sports network SportsChannel New York; Partnership of the company with ITT Corp. to acquire Madison Square Garden in New York; Sale of its system in Kalamazoo, Michigan to Charter Communications Inc.

Features products and equipment for the chemical process industry available as of November 2001. IKA Works Inc.'s inline mixing system; Heat exchangers manufactured by ITT Standard; Brentwood Industries Inc.'s cooling tower fill media.

The article discusses the past winners of the U.S. National Association for Serious Studies' Annual Admiration Award for the Supreme Leaders of the Business Cosmos. Among the mentioned winners include businessman Harold Geneen of manufacturing company ITT Corp. in 1965, the honoring of quality gurus that maximize productivity in 1980, and the financial manipulators in 1995.

ITT Gilfillan Division is focusing its advanced radar development efforts on active aperture phased arrays for military applications that will take advantage of ITT's expanding corporate expertise in gallium-arsenide technology. Developments; Focus; Affordable systems; Radar characteristics.

The article focuses on the preparation of U.S. President Richard Nixon to reply to the House Judiciary Committee's subpoena relating to his role in Watergate to salvage his presidency and stave off impeachment in the U.S. It states that the committee demanded 64 tapes of presidential conversations with aides dealing primarily with the Watergate scandal. It notes that the committee lawyers are focusing on their investigation of Nixon's possible impeachment and allegations which include his possible involvement in the Watergate coverup and charges that he and his staff promised favors in return for campaign contributions from ITT Corp.

The article focuses on the acquisition of Hartford Fire Insurance Co. by the International Telephone and Telegraph Corp. (ITT) in the U.S. It states that the merger was the biggest in American corporate history and has been the subject of controversy wherein the U.S. Justice Department settled an antitrust suit to break the combination. It also highlights the revival of the issue by the Internal Revenue Service (IRS) in relation to paying capital gains tax.

The article focuses on the controversy over the Financial Accounting Standards Board Statement No. 8, which requires firms in the U.S. to report the effects of foreign currency fluctuations on their results. Topics discussed include the opposing positions of IBM and ITT on compliance, the translation changes disclosed by Eastman Kodak Co. and the decline in dollar against major foreign currencies. Also mentioned is the launch of a study on the impact of Statement 8 on dollar's instability.