Steel denationalization in Britain is a big hit. In twelve days, the United Steel Companies, Ltd., first to be sold back to private investors (TIME, Nov. 9), got applications for 40 million shares of stock, almost three times the shares offered.
Hotelman Conrad Hilton, who has recently been cooking deals like popcorn (TIME, Nov. 9), plans to build a $6,000,000, 400-room luxury hotel in Cairo. The Egyptian government and Misr Bank will put up the money, give Hilton a 20-year lease.
Packard, a notable holdout for a straight-eight engine, plans to abandon it for...
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