Word: marketing
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Dates: during 1950-1959
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...sees that it is exactly that. When the Russians offered to take the Sudan's unsold cotton crop last year in exchange for arms, Khalil replied bluntly that what he wanted was agricultural machinery, not tanks. "We're not going to fight anybody," he said. "The cotton market is just a few hundred yards from the Soviet embassy. They can walk there and buy any time they want. And they can pay cash. In the auction there's no alternative for cash." Later he recalled: "They got angry, but that's how we're going...
Collector Lehman's new acquisition is considered by some experts to be Ingres' greatest portrait of a woman. But what really makes the purchase a prime coup is that La Princesse is, in all probability, the last great Ingres portrait likely to come on the market...
...Wall Streeters were caught flat-footed last week. The Federal Reserve Board announced what no one on the street had expected: a cut in margin requirements (money that must be put up to buy stock on credit) from 70% to 50%. For a few heady hours next day, the market marched uphill. But before day's end it had marched right down again. It closed the week at 444.12 on the Dow-Jones industrial average, up 5.44 points, mostly on gains made before the announcement...
...bolster investors' confidence, although the Fed insisted that its motives were not that at all. Said a Fed spokesman: "Our only interest is in loosening a credit restraint that was no longer needed." Actually, the higher margin has not been needed for months. Since last June, stock-market credit affected by margin requirements has declined steadily, at latest report stood at only $5,218,000,000, the lowest point in three years and less than 3% of listed stock values on all registered exchanges. But the margin cut may make the market broader, bring heavier trading, help eliminate...
...shown off prototypes of two 400-m.p.h., four-engined turboprops - Ilyushin's 100-passenger IL-18 Moskva and Antonov's 126-passenger Ukraina-that resemble Lockheed's Electra, now being test-flown. Aeroflot's highest hopes for capturing a large chunk of the foreign market rest on Tupolev's four-engined turboprop, swept-wing TU-114, a double-decked, pressurized behemoth, twice the size of a Super Constellation. The Reds claim that it is the world's fastest propeller airliner (more than 500 m.p.h.), can carry no passengers nonstop from Moscow to New York...