Word: half-year
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...more second-quarter and half-year sales and earnings were reported last week, many a corporate executive might wish that stockholders would believe the figures did not really count. Though hopes were high that the chart lines would soon be moving up, the news in the latest batch of reports was largely negative. Profits had been caught between higher labor and material costs and lower consumer demand. The Wall Street Journal, surveying earnings of 528 companies, found that their aftertax profit for the second quarter was 8.1% lower than last year's. In a similar survey of 500 corporations...
...STEEL. As U.S. Steel goes, so goes the industry, and "The Corporation's" Chairman Roger Blough glumly reported last week that the quarter had gone badly. U.S. Steel showed a 44% decline in quarterly earnings and a 34% drop for the half-year, to $84.6 million. Second-biggest Bethlehem reported a half-year profit drop of 28%, to $66 million. Third-ranked Republic was off 26% for the half-year in earnings, and Inland, Armco, Crucible, Wheeling and Jones & Laughlin came in with similar returns...
Berthoff, an authority on Melville and Emerson who has taught at Bryn Mawr since 1951, will teach the second half of English 70 plus two half-year conference groups and a graduate seminar...
What is newest and most exciting to both students and teachers in the program are five middle-level courses with imposing names like "Exposition and Historical Inquiry" and "Exposition and Scientific Methods." Of the 250 enrolled in these half-year seminars, 80 per cent are super-literate freshmen who pulled the required 700's on both the verbal and math SAT's and 4's or 5's on the CEEB Advance Placement exam in English. The rest are upperclassmen who managed to impress section men with their enthusiasm or need for writing instruction at interviews this fall...
This time the stop is so serious that Harold Wilson has taken "steps that have not been taken by any other democratic government in the world," as he told President Johnson. The steps: freezing wages and prices throughout Britain for six months, to be followed by another half-year of "great restraint." The wage freeze is the more important in the gimlet eyes of Britain's foreign creditors, who have put up more than $3 billion to defend the pound. For if Wilson cannot hold down wage increases in a period when his other taxation and monetary measures...