Word: general
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Dates: during 1950-1959
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...first trickles of third-quarter earnings reports from industry's accountants were uniformly good. Thanks to big defense orders and strong consumer sales, General Electric Chairman Ralph Cordiner was able to announce record nine-month earnings of $189,512,000, up 17% to $2.16 per share for the nation's biggest electrical-equipment firm. Giant International Business Machines had a nine-month profit of $102 million, up 10%. Drugs, retailing and food companies all were up, with cheery reports from R. H. Macy & Co., Upjohn Co., Kroger Co. Ford Motor was doing so well that it declared...
ANTITRUST ACTION against General Motors is mounting. Justice Department filed suit in Manhattan Federal Court to force G.M. to give up its Euclid Division, which it acquired in 1953 for $18 million. Trustbusters charge that G.M.'s control of Euclid (80% of off-highway trucks, 5% of overall market) tends to create a monopoly...
...many jet-age problems facing the world airline industry, the most pressing is how to find enough passengers to fill all the expensive new planes that will soon be flying. At the 15th annual meeting of the International Air Transport Association in Tokyo last week, Director General Sir William P. Hildred posed the problem, and provided an obvious answer: "We shall have to feed progressively larger gobbets of traffic to these monsters or they will eat us up, capital...
...markets are inexhaustible so long as we keep the fares down, down, down." Yet after three weeks of bitter wrangling at a Honolulu traffic conference, the 90 airlines from 50 nations who belong to IATA could not agree on any general scheme of fare reductions on world air routes. The international rate-setting conference broke up in failure, and the stage was set for a rate war when the current air-fare agreement runs...
...Died. General of the Army George Catlett Marshall, 78; after several strokes and long illness; in Washington (see NATIONAL AFFAIRS...