Word: millions
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Dates: during 1960-1969
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...first place in the non-Communist world. His government offered tax cuts in return for production increases and a share of the ownership. Kennecott in 1967 sold Chile 51% of its El Teniente mine and promised a large expansion of operations by 1971. Chile paid the company $80 million and cut its taxes in half-down to 44% of revenues. Chile also obtained a 30% interest in a company that Cerro Corp. formed to develop a new Chilean mine, which will start producing...
...expected to add 112,500 tons to Anaconda's annual 407,000-ton production, and 49% of an exploration company. Unlike Kennecott, Anaconda depends on Chile for most (61%) of its production and half of its earnings. The company reports that its profits from Chile totaled $99 million last year, about a 17% return on its investment; the Chilean government, using different base figures, calculates that Anaconda earns...
...fringes of advertising as a freelance artist in Chicago; it was tough for a Negro to find a job in a white agency. In the past three years, the rise of black consciousness has turned his color into an asset. His agency now bills an estimated $1.5 million a year from accounts that include Kent, Newport and True cigarettes, Wayne-Gossard Corp. and the Joe Louis Milk Co. His ads are characterized by what he calls "a pride in being black." One magazine layout for Afro-Sheen, a hair preparation that is supposed to enhance the natural, curly look, carries...
...same sense of black pride is found in the slogans of Howard Sanders, a former radio executive who opened his own agency on Madison Avenue in 1966 and now bills $1.5 million. His frank approach is illustrated by a campaign to present R. J. Reynolds Tobacco Co. to the black community. One picture shows a Negro in a white shirt and necktie adjusting a complex piece of laboratory equipment. The caption: "What's Franklin Weaver doing in our chemical plant if he's not there to sweep?" It would be difficult for a white agency...
...late 1971. Others will follow on Manhattan's Fifth Avenue, in New York City's shinier suburbs and in Palm Beach, Grosse Pointe, Atlanta and other places where $1,000 cloth coats and $500 dresses move fast. Magnin's planners expect to increase the current $100 million annual sales and to generate enough business to sustain Magnin's custom clothing operation-a costly field from which Saks Fifth Avenue and Bergdorf Goodman have recently been forced to retire. Magnin's expansionary plans have the backing of its powerful parent, Federated Department Stores, Inc. whose...