Word: marketed
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Dates: during 1970-1979
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...terribly excited about it, least of all the nation's investors. Last week they drove the Dow Jones Industrial Average down to 919, a 14-month low and a drop of 80 points since the start of the year; it rebounded to 927 on Friday. The market sagged despite bullish economic news. The nation's unemployment rate in March dropped to 7.3%, from February's 7.5%. The Commerce Department's index of leading indicators, a harbinger of growth, rose four-tenths of a percent in February, partially recouping January's loss and showing that...
...issue is as much financial as legal. A proliferation of Betamaxes, argues Joseph Davies, one of Universal's lawyers, "will threaten the rerun and replay market of films on TV." In other words, if hordes of Betamax owners tape Universal's American Graffiti the first time it is shown on TV, MCA might not get the price it wants for the film the second time around. Similarly, if many viewers tape their favorite Baretta segments, the show could be worth less when it is sold to syndicators. Home video-tape systems, in short, have the potential of revolutionizing...
...says Harvey Schein, president of Sony Corp. of America. "I don't think society can countenance the retrogressive step of preventing this from happening." MCA, argue the Sony people, should be gratified because the Betamax enables people to see shows they would otherwise have missed, thus enlarging the market for MCA products. Sony contends that TV video taping is no different from home taping of radio programs, which, it maintains, is legal if no commercial use is made of the recordings. Universal's Davies disagrees: "Say you have taped a country-and-western song and you hear...
Utility Boilers. He has reason to do so. In 1973 Gray described potential acquisition targets for United as companies that are successful in high-technology fields and not dependent on Government business. B & W is that and more. The company already holds 35% of the market in utility boilers and is in a good position to get more. Two-thirds of the boilers that it makes are fired by coal, and the Carter Administration's energy program, to be announced April 20, is expected to contain provisions enabling the Government to order many factories and power plants to convert...
...businessman, he refuses to estimate the value of the paintings that the Ministry of Culture is letting him take out of Russia. (In view of the prices now being paid for major works of the early Russian avantgarde, it could run to more than $3 million on the Western market.) Costakis plans to sell only "a few, enough to support...