Word: markets
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Dates: during 1950-1959
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Each has different problems. The mainly vocational school has to teach skills applicable to the local job market. The suburban school has to deal with many a boy not blessed with talents to match his parents' ambitions. Nobody can judge a school's performance without analyzing how well it serves the specific needs of its students...
...directed the company to new areas and products. Under Burns, RCA brought out its stereo tape-cartridge, the first successful one in the industry. Burns moved RCA strongly into circuitry, controls and computers. RCA has developed the first medium-sized, all-transistor computer, hopes to find a big market in paper-clogged Wall Street. Burns took over RCA's money-losing color-TV project, cut losses in half last year, expects soon to put it in the black. Result: RCA sales have jumped sharply for the first time in four years; first-half sales rose 17%, profits...
Stock Sensation. While many eyes are set on the European small car and its new U.S. competitors, Daimler-Benz is out to grab a heftier share of the big-car market. The U.S. already buys 10% of its production, and its U.S. sales are racing 160% ahead of last year, are expected to top 15,000 cars by year's end. With 54% of its production going to 136 countries, Daimler-Benz has hiked worldwide sales 16% this year, expects to run up a 1959 sales figure of $600 million for the best year in its history...
...Mexico, South Africa, Belgium, Ireland. Together, they are striving to shrink the company's order backlog of 82,000 cars and trucks, equal to six months' top production. As a result. Daimler-Benz stock is one of the greatest sensations on West Germany's booming stock market. A blue chip by nature, it is also the market's star riser, has gone up 400% in the past year, and last week alone jumped 10% to hit $800 a share...
European automen are sure that Flick yearns to grow still bigger. They buzz that he is working toward a merger with a major French or Italian automaker to dominate the car industry in the European Common Market. He has had Daimler buy preferred shares that can be converted into 5% of Studebaker-Packard Corp., his U.S. distributor. But a key factor in Daimler-Benz's plans will be the effect of the new U.S. compact cars on Mercedes' vital U.S. sales. Daimler-Benz is less worried than most other European car makers. Says President Fritz Konecke: "Our appeal...