Word: holdout
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CREDIT SELLING will be tried next year for first time by J. C. Penney Co., biggest U.S. chain of junior department stores (1956 sales: $1.3 billion) and last major holdout for cash-on-the-barrelhead. It will try installment plan in several stores, use Penney credit in all 1,690 stores if test lures more customers and brings in more money than it costs...
Thus it was not surprising that when the time came for the key vote on Ike's USIA, only 14 holdout Republicans* and one lone Democrat (Oregon's Richard Neuberger) stood up against this symbolic-and genuinely harmful-slashing of the information program...
...Welcomed home, after his dramatic four months' holdout in the U.S. legation in Budapest, U.S. Minister to Hungary Edward Thompson Wailes. Career Diplomat Tom Wailes arrived in Budapest last November in the midst of Hungary's upheaval, never got to present his credentials to the short-lived Nagy government, thenceforth refused to present them to the Communist Kadar regime because it "did not represent the people." Under persistent and rising Communist pressure to recognize the Kadar puppets, Diplomat Wailes took a final step to avoid doing so: he arranged with Washington to order him back "on consultation," then...
...answer these questions which Jerusalem newspapers termed "an ultimatum," the Arab-Asian bloc this week moved to debate sanctions against Israel. Washington's hopes that Ben-Gurion would accept private U.S. assurances of support arid pull out gave way to pessimism; U.S. officials predicted that Israel's holdout would damage its own long-term self-interest...
...outstanding holdout against industry-wide diversification is American Can Co., No. 1 tin-can maker, formerly top dog in the entire industry. Says American Can's President William C. Stolk: "We just don't want to acquire companies for the sake of expanding." But last year Canco expanded into fiber milk containers; this year it bought the Bradley Container Co. and branched into plastic bottles. Unless the Justice Department wins its antitrust cases, chances are the container industry will go right on making bigger packagers out of littler ones...