Word: marketeer
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Dates: during 1950-1959
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...because only the week before it had drawn heavily on short-term funds with a $2 billion offer of 320-day bills at 4.86%. Bankers expect even greater pressure when a steel settlement is made and a rush for supplies and postponed expansion exerts new pressure on the money market...
Blockade Runners. World War I only made Philips grow bigger faster. To circumvent the blockage of the North Sea, the company outfitted its own fleet of fast blockade-running ships. With the home market protected from competition, the brothers Philips steadily pushed into new lines, made X-ray tubes for Dutch physicians. Seeing radio coming, they were turning out receiver and even transmitter tubes by 1919. After Gerard retired in 1922, Anton aggressively expanded, set up Philips plants in most countries of the world. Today from Eindhoven, one of Europe's biggest company towns (pop. 160,000), Anton...
...light by operating in the U.S. through several affiliates. Recently, it merged three into one company, Consolidated Electronics, which starts out with $90 million in sales. In 1958 the Antitrust Division cited Philips among a dozen companies accused of freezing smaller U.S. TV manufacturers out of the Canadian market. Philips also has a suit against the U.S. charging that the AEC infringed Philips' Enrico Fermi patents taken out in long-ago 1934-39 and covering aspects of radioisotope production. Both suits are still pending...
...department-and variety-store buyers took their business to Hong Kong. The British colony's factories and sweatshops have tripled to an estimated 500 in the past four years, boosted the number of workers from 4,000 to 50,000. To compete in the cut throat world textile market, the Hong Kong garmentmakers' chief weapon has been cheap labor; the average daily wage is $1.77 for a ten-to twelve-hour...
...increase over last year. Though still less than 3% of total U.S. consumption, it is the concentration of items in particular areas that has most aroused U.S. industry and labor opposition. In the field of brassieres alone, Hong Kong imports account for an estimated 40% of the U.S. market...