Word: marketing
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Dates: during 1950-1959
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Eight Hours a Day. Darvas studied economics at the University of Budapest, fled Hungary for Turkey in World War II (he still holds Turkish citizenship), methodically trained eight hours a day to become a dancer. He came to the U.S. in 1951, got interested in the market in 1952 when a Toronto nightclub owner paid him off in a mining stock that promptly trebled. (He sold it at that point; it later collapsed.) Darvas trained for the market just as methodically as he had studied his dancing, read some 200 books on the market and the great speculators, spent eight...
...youngest auto-di-vision boss. Pontiac was the weakest of all the auto divisions, languishing in sixth place in overall U.S. car sales. Last week "Bunky" Knudsen's hot-rodding Pontiac was at the top of the medium-price field, with 30% of that market; sales were up (117% in April, 60% for the year), and Pontiac was in a nip-and- tuck race with lower-priced Plymouth for third place in overall standings. On G.M.'s corporate-profit sheets, Pontiac stood second only to Chevrolet; around the G.M. building in Detroit there was quiet talk that Bunky...
Though attrition was high, the Treasury had expected it, had enough cash on hand so it will not have to go to market again immediately. The T-men felt that sweetening the issue with a higher interest rate would not have done much good. With the pickup in business, corporations can see other uses for the money, are reluctant to hold an issue for a year. They prefer shorter-term bills, even though the rates are lower (2½-2⅝%) until they can see where money rates are going...
...boost reflected heavier demands for bank loans by both business and consumers, also brought loan rates into line with yields on bonds. Most bankers now expect that the Federal Reserve will raise the discount rate from its current 3%. As interest rates climb, they will drive down farther a market already at a historic...
GOLD PRICE RISE on London market to $35.145 an ounce, close to record, has been spurred by speculation U.S. Treasury may raise gold price above official U.S. rate of $35.0875 because of outflow of U.S. gold (TIME, May 18). But Treasury has no intention of doing...