Word: auto
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Dates: during 1950-1959
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...latest evidence of creeping inflation promptly provoked a new hassle between management and labor over the question: Do wages push up prices or do prices push up wages? Ford Motor Co.'s Vice President John S. Bugas, eying Walter Reuther's promise to win his United Auto Workers a shorter work week and "a hell of a lot" more money in 1958, put much of the blame for the current inflation on labor's demands for ever higher wages and fringe benefits. Argued Bugas: since 1954 wage packages have exceeded 5% annually in key industries, and these...
...scion of one of Islam's proudest families, the 41st generation representative of the Hashemite clan in direct descent from the Prophet Mohammed. He is also the Westernized product of a British schooling, who likes nothing better than to tinker over a souped-up Cadillac at the Amman auto club, pilot his personal jet across the desert skies, or dance the Arabian nights out to Latin American jazz rhythms. He has the flashing eyes and the bearing of a highly bred Arab prince; his manners and speech are those of a young Englishman...
Sales & Bonanzas. Some of the profit increases were sensational enough to please even the zoomers. In the auto industry, fast-moving Chrysler Corp. reported a 327% profit rise on record sales, to $5.34 a share-the highest in its history. Ford Motor Co. also had record sales, reported quarterly earnings of $1.85 a share, a 36% rise over last year. General Motors profit was down, but the drop was moderate (93? v. 1956's $1.01), considering the company's 9.4% drop in sales of cars and trucks in the first quarter...
Died. Nils Thor ("N.T.G.") Granlund, 57, lanky girlie-show producer and one of America's first popular radio announcers (on Theaterman Marcus Loew's station WHN, opened in 1922) ; of injuries suffered in an auto accident; in Las Vegas...
...Consolidated Electrodynamics started out in 1937 to make instruments for oil exploration, never even reached $ 1,000,000 annually until it got into West Coast electronics. Now, under President Hugh F. Colvin, it makes electronic spectrometers to analyze gases in petrochemical plants, recording oscillographs to measure strain in auto-and steelmaking processes, a complete line of "Datatape'' magnetic recording systems to preserve missile and aircraft flight-test data. Result: sales jumped from $924,000 in 1946 to $25 million in 1956, will hit $35 million this year. The company's stock, which sold for $4 a share...