The hum of West Germany's economy has given off some static recently with the ominous crash of several industrial giants, including Automaker Carl Borgward and Shipbuilder Willy Schlieker. Last week another big one swayed perilously close to collapse.
Pressed by more than $18.5 million in debts. Industrialist Hugo Stinnes Jr., 66, a freewheeling and individualistic magnate who in only ten years has built a diversified $100 million empire in machinery, ships, electronics, plastics, oil, and filling stations, has been forced to sell off some of his choicest holdings to Munich Banker Rudolf Münemann. At week's end Stinnes was brought into...
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