Word: co
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Dates: during 1950-1959
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...Said Walter Gutman, analyst at Shields & Co.: "So far earnings have not yet reflected capital improvements; companies can expect to benefit from the $200 billion they have invested since 1950. Taking this into consideration, stocks are not overpriced...
...anew for a shorter work week. Steelworkers' Boss David McDonald announced last week that he will press for a shorter week in 1959. Recently, the United Electrical, Radio and Machine Workers offered to pass up an automatic 7% wage boost over the next two years if General Electric Co. would put in a 37½-hour week at 40 hours' pay. G.E. refused, said the offer actually would boost its wage bill by 14%. The union drive for a shorter week will undoubtedly be spurred by the recession-hastened cuts, which may prove permanent, in the payrolls...
...trading room of the New York Stock Exchange, activity ceased one morning last week as Exchange Chairman Edward C. Werle stepped onto the balcony, sounded a bell, pounded his gavel and read a statement. In an action rarely taken, the exchange censured and fined the partners of Garvin, Bantel & Co. $25,000, suspended Senior Partner George K. Garvin from trading for three months...
Such slightly zany but practical gadgets have helped make the Matsushita Co. one of Japan's largest manufacturers of electrical goods (1957 sales: $130 million), and have given the company's founder and president, Konosuke Matsushita, 64, the highest taxable income in Japan ($500,000 last year...
...Japanese women, upset over a wave of purse snatchings, Japan's Matsushita Industrial Electric Co. fortnight ago brought out a portable burglar alarm that is carried in the purse. A wire around the owner's arm sets off the alarm when the handbag is grabbed. Last week the company came out with something for the boys: electrified pants. The hot pants, which have heating wires woven into the fabric, are designed for desk workers in unheated plants; the pants are simply plugged into an electrical outlet. At $14 a pair, the pants went over so well that...