Word: hertz
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After all of the attention focused on the stock market and the possibility of a recession, first-half earnings reports by U.S. business seemed to add up to a happy surprise. Impressive second-quarter gains were reported last week by many companies, including Hertz, Raytheon, Pepsi-Cola and Eastman Kodak. In a survey of 934 corporations, the First National City Bank of New York found that earnings were 13% better in this year's second quarter than in last year's second quarter, with the food industry up 12%, paper 15%, aerospace 27%, railroads 32%, textiles and autos...
Died. John Daniel Hertz, 82, Austrian immigrant newsboy who became a transportation tycoon by founding the Yellow Cab Co. in Chicago in 1915 and the Hertz Drive-Ur-Self in 1924, later retired to the race track (one possession: Count Fleet), but left off retirement to parlay more fortunes as a partner of Manhattan's Lehman Brothers, and devote his millions to creating an engineering scholarship fund; of a stroke; in Los Angeles...
Designed and built in Germany for its federal government and the City of West Berlin, the exhibit was officially presented to Americans by Senator Paul Hertz, West Berlin's Economics Minister, representing Mayor Willy Brandt. The exhibit, which will be in the Reception Center until Oct. 9 and then is expected to go to other U. S. cities, brings the Soviet-created Berlin crisis into vivid and frequently dramatic close-up focus. A large turntable rotates an illuminated color map of the divided city. Animated lighting depicts its air, waterway, rail and highway routes to the free world. Large...
...biggest outfits in the booming renting business is United Rent-All Corp. of Lincoln, Neb., which was started by Unemployed Railroad Worker D. R. Patton in 1947. Today, Patton's company sells franchises to more than 300 dealers, who buy their equipment from United. The Hertz car-rental firm last year got into the act with three Chicago stores, and more planned. These two companies, as well as scores of independent dealers, can supply customers with anything from antique candelabra to concrete mixers...
RENTAL COMPACTS are so popular with economy-minded customers that agencies are stepping up their purchases, cutting back on standard low-price cars. Hertz says 15% of its 1961 fleet will be compacts, a hefty boost from 6% last year. Hertz rents compacts for $9 a day and 9? a mile, compared to $10 and 10? for their larger cars...