Word: millions
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Dates: during 1960-1969
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...last year's ten fastest-growing funds, only four exceeded $10 million in assets. Fastest rising was the Neuwirth Fund, which has assets of $94 million and achieved 90% growth. In 1967 -a year in which it was hard to do badly-Neuwirth grew 300%. But 1968, as 36-year-old Manager Henry Neuwirth says, "was more on the selective side." Neuwirth selected a number of long-depressed insurance stocks (CNA Financial, Safeco) early in the year, then rode them up as insurance companies became sought-after merger candidates...
Tobacco Road. An end to the popular, if only moderately profitable service would be another setback for Eastern, which is the most sorely troubled major U.S. airline. It ran a deficit of about $10 million in 1968, and few airline analysts expect it to fare much better in 1969. The price of its stock has dropped 50% since...
...other carriers, most of which engaged high-power political bigwigs to plead their cases. When the matter reached the White House, President Johnson divided new Pacific passenger routes among five airlines, but bypassed Eastern altogether (TIME, Dec. 27). That left Eastern Chairman Floyd Hall committed to buy $48 million worth of stretched DC-8s, which are designed for long-haul routes...
...ready to introduce a disposable diaper called Pampers. Since then, sales have climbed to more than $30 million a year, and the company has been unable to keep up with demand. It operates two Pampers factories and will add a third this year. For lack of manufacturing capacity, it has not even begun to sell the diapers in the South or Far West...
Nothing Like Fear. Disposables already worry operators of the nation's 400 diaper services, which have an $85 million-a-year share of the market. Such services spare mothers from having to launder diapers, but throwaways have the extra advantage of eliminating malodorous diaper containers. Inevitably, there is a Diaper Service Industry Association, based in Philadelphia. Its executive vice president, John A. Shiffert, says: "I would be less than honest if I told you that the association is not concerned about the competition presented by disposable diapers...