Facts & Figures, Feb. 16, 1948

Bomb Dropped. Lieut. General Leslie R. Groves, boss of the wartime atomic bomb project and now head of the Armed Forces Special Weapons Project, will become research head of Remington Rand, Inc. when he retires from the Army this month. His new job was broadly described as "including applications of physics, chemistry, electronics, plastics and photography."

Down & Out. Philco Corp. cut prices as much as 25% on its 1948 model radios and 6% on its refrigerators. Another sign of stiff competition in the oversold radio market came from Majestic Radio & Television...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!