Word: half
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Dates: during 1950-1959
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...model-for-model against the Big Three, he put all his mechanical skill into a single car -the compact, chrome-clean, low-priced (from $1,925) Lark. The results: S.P. has produced 126,000 Lark '59s (v. 50,000 Studebakers of all kinds a year ago), lifted first-half sales to $210 million (v. $71 million), earned $12 million (v. a first-half '58 loss of $13 million...
...working life, Harold Churchill figured that the way to compete was to produce an "ideal" small car, but it took him many years to do it. He got into Studebaker 33 years ago as a half-trained engineer (two years at Western Michigan University), gained a name as "the guy who did everything." He was one of the three men who engineered the "economy" '39 Champion (priced as low as $675). During the war he began turning out the famed tanklike Weasel for the U.S. just 50 days after the company got the order. He filed more than...
...answer came last week, as surging oil-company earnings reports gave oil shares their sharpest rise since the easing of the Suez crisis in December 1956. Standard Oil Co. (NJ.) rose 3$ points to 54⅛ as it reported earnings of $1.47 per share, v. $1.22 in the first half last year. Gulf Oil Corp. stock added 6| points during the week to close at 116⅛, after reporting first-half earnings of $4.38 per share, v. $3.57 last year...
...earnings rise came from a strong demand for oil products that exceeded earlier industry forecasts. With record six-month sales of $621 million, Sinclair Oil Corp. boosted profits to $1.76 per share, v. $1.45 in the first half last year. Second-half prospects, noted Sinclair Chairman P. C. Spencer, are even brighter. Said he: "In July gasoline prices began to strengthen appreciably, and if this trend can be maintained, it is reasonable to expect that the remainder of 1959 should continue to show improvement...
...comparable quarter a year before since the end of World War II. General Motors' Chairman Frederic G. Donner reported that corporate sales of $3.3 billion in the second quarter were the second best in history for that period (best: igss's $3.4 billion). G.M.'s first-half earnings climbed to $2.08 per share, v. $1.17 in the same period last year. Westinghouse Electric Corp. showed how well it had stepped up efficiency under President Mark W. Cresap Jr., raised second-quarter earnings to a record $1.12 per share, through operating economies that overcame lower sales...