Word: inlander
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...heavily, thereby making a killing. As for the great postwar bull market, Old Joe missed it: wanting to protect his millions from the danger of another 1929, he invested in real estate instead, made even more money than he ever made in the market. *Kennedy got valuable help from Inland Steel Co.'s Chairman Joseph Block, who at a critical moment bowed to Administration urgings and announced that Inland would not go along with the price increase announced by U.S. Steel. That broke the industry's ranks, forced steel companies that had raised prices to surrender. During...
Died. Geremia Lunardelli, 77, coffee king of Brazil for 35 years, an Italian immigrant's son who, though scarcely able to sign his name, carved out a domain of coffee plantations that stretched 300 miles inland from the Atlantic, became an arbiter of the Brazilian economy while spurning honors and titles, saying "I'm only a farm hand; it is the earth that should be decorated"; of a heart attack; in Sāo Paulo, Brazil...
STEEL. Thanks to a flurry of first-quarter hedge buying against the possibility of a strike, most steel companies reported earnings double or more those of a year ago. Bethlehem gained nearly 400% to $39 million. Inland more than 100% to $17 million and U.S. Steel 75% to $56 million. But few steel companies came even within shouting distance of their profits in first-quarter 1960, when steel users bought avidly in the wake of a 116-day strike. And steelmen cautioned that their earnings will surely lag during the current quarter as their customers use up swollen inventories...
...Inland Steel's meeting it was the overriding issue, and Chairman Joseph Block -the man who broke the price rise by refusing to go along with it-made it clear that his belief that it was wrong to set prices without taking into account the national interest did not mean that he was prepared to let anyone else decide for him when a price rise was justified. Said he: "Industry should not have to get Government permission to change prices. That would hardly be a free economy." The most impassioned outcry was raised, to much stockholder applause...
...market. U.S. Steel dropped 1⅛ to 67⅜, its lowest level since 1958, and the Dow-Jones industrial index suffered its worst break since last September, plunging in a single day's trading to 685.67-a drop of 9.23 points. But the market began to firm as Inland Steel broke ranks, and in the 15 minutes after Bethlehem Steel retreated from its price increase, the market rallied to close...