Word: fasts
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Dates: during 1950-1959
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...design. After stints as chief stylist for G.M.'s Pontiac division, and chief styling engineer for Studebaker (at the age of 29), he joined Chrysler at a time when President K. T. Keller, who once snorted at postwar advances as "the Jell-O school of design," was holding fast to Chrysler's ultraconservative styling. Under new President Lester Lum Colbert, Exner set about modernizing Chrysler's line, put the company back on the road with designs for 1957 models that are the most radical in the industry...
...close of World War II, the Dallas company by 1954 was a major military producer of germanium transistors as tiny substitutes for standard electronic tubes. Soon after, it produced an even better silicon transistor for military use, then swept into civilian markets with its germanium transistor for the fast-growing pocket-radio and industrial-computer fields. Last week Texins set its sights on still another profitable business: it was the world's first quantity producer of ultra-refined silicon, a key electronics material so difficult to make that its price is $980 a pound...
Both sales and store highlighted Ward's fast comeback under John Barr, 48, who took over the company after crusty old Chairman Sewell Avery surrendered his one-man rule two years ago (TIME, May 23, 1955). As boss. Barr's first move was to recruit a new force of officers; he gave them a stock option plan as incentive, equipped them with real, independent authority and then set to work on a new-look for the company. In quick succession, Barr formed a new department to pump life into merchandising and displays at Ward's 562 retail...
...Fast-moving Montgomery Ward still has some laps to travel before catching its main rival, Sears, Roebuck & Co. Reported Sears last week: 1956 sales totaled $3,555,684,148, for a jump of 7.5% in the year, and earnings were $164,816,293. Significantly, noted Sears, "increased competition in our field" lowered after-tax net to 4.6% of sales...
...Japan's new Nikon camera, which will be on the market in four months, has a refinement unknown even to present German 35-mm. cameras: a battery-operated motor for fast shooting which can be pre-set to take any specific number of pictures at either two or three shots per second. Price: about...