Word: marketing
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Dates: during 1950-1959
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MILTON ALLEN, 20, a lanky guitarist out of Houston who represents RCA Victor's latest bid for the rocking teen-age market. A panting, heavy-dew singer, Milton was spotted by RCA fieldmen while he was stomping it out on local Houston radio shows. He was hustled to New York, shorn of his Elvis Presley locks, fitted into a grey flannel suit and photographed in Central Park, looking sincere. RCA is pushing him with the trade on two newly released singles: Just Look, Don't Touch, She's Mine and Love A, Love A Lover...
...Corp. reported that its work on a nuclear-plane engine would be "drastically reduced," or scrapped altogether. And the Defense Department announced that it will trim progress payments on unfinished aircraft from 75% of the cost to 70%, forcing plane makers to find more financing in a tight-money market. Said Boeing's President William M. Allen: "This belt-tightening had to come, and it is high time that the industry and the nation faced up to actualities. The public thinks there is too much defense; the only answer is austerity...
Unlimited Market. Back in Opelika after war's end, Orr set up shop with six employees to make the improved tape. He invested $250,000 realized from the sale of Opelika's radio station WJHO and other holdings, sold stock to friends by incorporating in 1950, raised another $246,675 in 1953 by a public offering of 149,500 shares of stock. After licking production problems, he developed a new tape coating (Ferro-Sheen) with unusually high fidelity. This caught the eye of the Ampex Corp., a maker of wire recorders and other electronic equipment, which had gone...
...nurses. In some areas, the police had next priority. There was little likelihood that any vaccine would be available for the general, non-priority public until October, but the absence of regulations left things open for individual physicians to start slipping shots to favored patients, and for a black market in the vaccine...
Some Britons (especially physicians) with U.S. connections are getting "unsolicited gifts" of American vaccine for their children. More U.S. vaccine is being smuggled in, sold on the black market. The Sunday Express asked angrily: "Why did the Ministry refuse to import the Salk vaccine offered by America [4,000,000 cc., offered last winter]? How can they pretend it is unsafe, yet at the same time allow the privileged few to accept presents of the vaccine from American friends...