Word: business
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...business matters, the big story often develops bit by bit over a period of months or years. After continuing reports of increasing prices in European countries, TIME correspondents in London, Bonn, Paris and Rome carefully studied the price that Europe is paying for prosperity. Putting together evidence, from the price of steel to the fact that a glass of beer costs nearly as much in Munich as it does in Milwaukee. WORLD BUSI NESS concludes that inflation is the most serious threat to the health of Europe's economic boom. In some cases, the threads of a major trend...
...been used with remarkable success by a relative newcomer to the ranks of the leaders. The newcomer is the house of Marcel Rochas, where le president is Mme. Helene Rochas, who took over the company when her husband died in 1955. Since then she has increased Rochas's busi ness tenfold, turning it into one of the six largest perfume makers in France; its turnover last year...
Died. Sir Frederic Collins Hooper, 71, managing director since 1948 of Britain's Schweppes Ltd. (quinine water, Bitter Lemon), a bubbly Londoner who left a successful chain store busi ness to put some fizz in the 169-year-old mixer maker, quintupled Schweppes's output and profit with snob appeal advertising featuring Commander Whitehead among the Yanks and veddy British "Schweppigrams" at home;* of a probable heart attack; in London...
...Parker Pen Co. of Janesville, Wis., is busy taking advantage of this worldwide renown with a lively spirit that belies its 75 years. It deliberately ignores national boundaries in its planning, now does two-thirds of its busi ness overseas in 156 nations. "We are a company of the world which happens to have its headquarters in the U.S.," says President Daniel Parker, 38, the grandson of Founder George Parker...
Shell homes were launched 17 years ago by an enterprising young truck driver named Jim Walter, who went into busi ness with $600 borrowed from his father. The idea had great appeal to returning servicemen, who did not yet have it made and were handy with their hands. By 1961, shell firms accounted for 8% of the one-family housing market and had be come one of Wall Street's bets on the future. But fast-buck builders swarmed in, competition stiffened, and many firms began putting up frames with little regard for quality or adequate financing...