Word: marketeers
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Dates: during 1950-1959
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...list of firms that "have removed themselves from the Arab League blacklist by deciding that doing business in Israel is uneconomic." We were never on such a blacklist. The facts are that for a few years we owned a company that did a relatively small (about 5% of the market) business selling oil in Israel. Problems of foreign exchange and competition from the government-owned oil-marketing company in Israel made the operation unattractive from a purely commercial standpoint. So we sold the business...
...cheery face, is as ruggedly competitive as any business in the U.S. With some 290 firms turning out 5 billion cards each year, for every event from the cradle to the grave, a special kind of genius is needed to grab off about 30% of a $288 million market. Hallmark's boss abundantly has that genius...
...fewer than four U.S. automakers, Willys, Ford, Chrysler and General Motors, are scrambling for shares of the growing auto market. G.M.'s Holden subsidiary began in 1948 to produce a small car for Aussie markets, sells 100,000 units annually and posted a profit last year of $34 million. National Dairy Products Corp. this year spent $1,600,000 on new plant, was able to declare a $1,800,000 profit, which covered its entire new investment. The story is the same for Cleveland's Lincoln Electric Co., which has nailed down 50% of the market for heavy...
...Beers, however, could not file permanent patent application on its process until it was sure that it could produce the synthetics on a sustained commercial basis. While De Beers continued work on the project, G.E. was taking approximately 10% of the U.S. industrial-diamond market away from De Beers' natural industrial stones, indicated that it could supply half of the U.S. market for industrial diamonds. Synthetics are not only priced lower than natural stones, but manufacturers say that in many cases they are substantially more efficient...
...diamond prices. Despite De Beers' discovery, G.E. has a long head start, is improving its stones. It disclosed last week that it had developed a diamond material that can be used in metal-bonded wheels, a use that was not possible before. Ideally, Oppenheimer sees "an expanded world market, in which both the natural and the synthetic product could coexist...