Word: millions
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
Hard to Drop. The game producers are the big winners. Since Joseph Segel, founder of the four-year-old Franklin Mint, sold his Mr. President game to Shell for $3.1 million last fall, the stock of his Pennsylvania firm has more than doubled in price and split 2-for-1. The dealers are among the games' most vigorous opponents. They find that the promotions are troublesome to handle, and almost impossible to drop if the oil companies flood the area with advertisements-as they often do. Increased gasoline sales do not always make up for the cost...
Rising Deficits. Textile imports from countries that use American management methods and technology-but pay lower wages-are swamping the U.S. market. In 1961, the U.S. enjoyed a trade surplus of $53.7 million in cotton, wool and synthetic fibers. Since then, deficits have increased steadily. Last year the imbalance climbed 60%, to $807 million. Today 47% of all women's synthetic-fiber sweaters and 46% of all wool sweaters sold in the U.S. are manufactured abroad. One of every three men's all-wool suits is made from Japanese worsteds, and a quarter of men's shirts...
Foreign competition is most severe in man-made-fiber textiles, the most rapidly growing segment of the industry since advancing technology gave the world wash-'n'-wear shirts and permanent-press pants. Although synthetics account for 54% of U.S. textile production, imports have swelled from $59.7 million in 1961 to $481 million last year. Cotton-textile imports, once a serious threat to U.S. producers, are regulated by a restraining agreement negotiated with 31 countries in 1961. Today they are of diminishing importance as more and more foreign textile makers switch to synthetics...
Litton's latest merger is far smaller than James Ling's $425 million J. & L. deal, and does not even involve an American concern. The FTC's target is a pair of West German typewriter makers in which Litton (1968 sales: $1.9 billion) bought a majority interest last January. Their worldwide sales total some $52 million, but only $7.5 million comes from the U.S., where their Triumph-Adler brand of typewriters accounts for a minuscule share of the market. But the FTC complains that the acquisition tends to "lessen competition" in violation of the Clayton Antitrust...
...union too closely to the fortunes of the coal companies and tends to emphasize production rather than benefits for the mine workers. Last week West Virginia Representative Ken Hechler called for a congressional investigation of the fund, which in 1968 earned only $4,600,000 on a $180 million balance. U.M.W. members also chafe at the union's un democratic organization...