Word: marketed
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Dates: during 1960-1969
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Even this flurry had no lasting negative effect on the world's stock markets. Share prices wobbled in London and slumped in Paris only to rally again; in Zurich the rebound was strong enough to lift the market 5% by week's end. On the New York Stock Exchange, after some nervous selling in the first hours of Monday's trading, a strong surge of buying sent the Dow-Jones industrial average up 15.49 points to close at 877.60, its high for the week...
Economic torpor this year has gripped not only Britain but also much of continental Europe. Braked by West Germany's first major postwar recession and by sluggish business in France, the Common Market is headed for the slowest expansion in its ten-year history. In its third quarterly report, the Brussels-based EEC Commission has just concluded that the total output of goods and services in the Six will rise only 2½% in 1967, after discounting inflation...
That prospective performance compares with a 4% growth last year, which was the worst since the Common Market's first full year. Earlier this year, EEC experts predicted a slowdown of lesser proportions. The German recession, however, proved more durable than anticipated; despite recent frantic efforts to revive business, a fifth of Germany's industrial capacity stands idle. This year, the country's gross national product is expected to drop about...
Still, the EEC Commission predicts that during 1968 expansive government policies will produce a rebound-weak at first but picking up in the second six months to give the Common Market a 4½% growth for the year. At the same time, says the commission, "imports will probably increase significantly." If so, both the U.S. and Britain stand to benefit from export sales-a welcome prospect because it would ease their balance-of-payments troubles...
Electric Cars. Mooney's present 4.8% share of the light-aircraft market comes on the strength of three models, all of them relatively low-cost ($18,430 to $23,345) offshoots of the Mark 21. Encouraged by the company's rapid growth-over the past five years, annual sales have almost tripled, to $15.2 million-Rachal merged last month with Alon, Inc., a Kansas manufacturer of training aircraft. Moving into the twin-engine field, he has contracted to build a 300-m.p.h. turboprop executive plane designed by Japan's Mitsubishi Heavy Industries Ltd. And next year...