Word: big
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Dates: during 1950-1959
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...nation's steelmakers, the strike's effect on earnings was all too apparent. All continued to report heavy third-period losses, though most showed nine-month results ahead of last year. Top ranking U.S. Steel had its first quarterly loss in 21 years, and its largest ever. Big Steel lost $31 million in the July-September period, but had nine months' earnings of $3.80 per share v. $3.56 last year. Other nine-month steel earnings: 1958 1959 Bethlehem Steel $1.68 $1.75 Jones & Laughlin 1.45 3.15 Wheeling Steel 1.80 2.78 Inland Steel 1.86 1.99 While second-quarter earnings...
KAISER moved into automaking, and Edgar again got a big job-running Kaiser-Frazer. But the auto industry proved too tough to crack. K.-F. lost about $52 million before it stopped making passenger cars. Edgar cut the loss by buying up the assets of Jeep-maker Willys-Overland, now Willys Motors, which last year contributed $6,848,000 in earnings to Kaiser Industries. In 1954 he moved West to take charge of the Kaiser empire, and Henry J. headed for Hawaii to build a new empire there, including his latest enthusiasm: a $350 million resort-residential city on East...
...option seller to avoid big losses, Filer cites two rules: 1) never sell a call option unless you own the stock, since you may have to buy it at a higher price if the call is exercised; and 2) never sell a put option unless you have the money to pay for the stock if the stock is put to you. "Following these rules," says Filer, "the risk in selling options is no greater than the risk in owning stocks...
...contract to sell in the U.S. under the trade name of Remington Rand. But sales never amounted to more than $3,000,000 a year. The company believes it can readily market $40 million worth of its computers and other equipment under its own name if a big sales push is made. Last week Callies and Vieillard dickered with Remington Rand, whose contract is expiring, and other U.S. companies for a deal to make an all-out push...
...railroadman's railroadman, big (6 ft., 200 lbs.), affable Allen Greenough won a reputation at the Pennsy for his forcefulness and ability to remain calm in every circumstance. Born in San Francisco, he went to Union College in Schenectady, N.Y. before joining Pennsy as an engineering trainee in 1928, highballed up the corporate track, was boosted to vice president in 1955. Along the route, he distinguished himself by making fast decisions, stopping the buck at his door. Married and father of two sons, he is used to putting in a ten-hour day, gathering his own facts by pounding...