Word: backed
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
Directly hit by the strike were London's influential weeklies. The liberal New Statesman got into hot water with its labor friends by printing in Dlisseldorf, but was back in England a week later with union approval to hire a printer in Essex. The Economist, which was printed in a Swiss nunnery during a lesser strike in 1956, found a printer in Brussels, moved to Paris a week later, after Belgian unions expressed sympathy for the British strikers and threatened a boycott...
...dividends, the blue chips were yielding about 3% last week, and some of the racy electronics and missile favorites were paying nothing at all. Meanwhile, back in the bond market, the tax-exempts were yielding a handsome 3.8%, while the highest-grade corporates also moved above 4½%. The yield spread between common stocks and bonds was uncommonly wide. Classically, the situation called for a move out of stocks and into bonds. But investors-wagering heavily on the economy's growth, figuring on more inflation and preferring capital gains to dividends-showed no signs of hopping off Wall Street...
...week marched 30,000 wildcat strikers, defying the two-week truce in steel framed by President Eisenhower. Thus did the rank and file put pressure on management for a settlement. United Steelworkers' President David J. McDonald, who had just appealed for "some negotiating statesmanship." immediately ordered the wildcatters back to work. But the short walkouts at major mills such as U.S. Steel's Fairless works and Jones & Laughlin's plant at Aliquippa, Pa. cut holiday week output to about 80% capacity...
...Corvair. Chrysler Corp. President Lester Lum Colbert announced that Chrysler's small-car offering, the Valiant, would have its engine "up front, where it belongs." Ford Motor Co., whose small Falcon will also have a front engine, launched TV commercials demonstrating that an arrow weighted at the back end will fly erratically and miss the target, but that a "properly weighted" (i.e., heavy at the front) arrow will go straight to the mark...
...employer. Within nine days they had a plant in Salem, Mass., financing, firm contracts and a production schedule calling for June deliveries of microwave tubes. "Within a year," predicts Founder Richard Broderick, former Bomac treasurer, "we'll have 100 employees. And in three years, we'll be back on the highway...