Word: mobility
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Dates: during 1960-1969
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Several of the pioneer car-analysis stations were set up by Mobil and Shell when they discovered that their customers were disenchanted with existing garage methods. And car manufacturers only wish their own dealers could afford the same elaborate diagnostic equipment the analyst can offer. Says E. B. Rickard, manager of Ford's service and parts division: "It's just like modern medicine. The modern car is an enormously complicated piece of machinery. In a person, if you have to have your tonsils taken out, you want to be absolutely sure they have to come out. That...
...join them. The major transatlantic steamship lines are thinking of issuing a card, something like the air-travel card, that would cover passage and shipboard purchases. Oil companies, which have offered oil and gas on credit for years, are now offering a whole new line of credit possibilities. Mobil cards can be used for car repairs and motel bills, American Oil cards for hotel, motel and restaurant bills, Esso cards for life insurance...
...Food, chemical and paper producers, as well as many service industries, also showed sturdy gains. As they have for some time, corporate profits in many cases climbed even faster than sales or the economy in general. Record third-quarter earnings were reported by such giants as Colgate-Palmolive, Socony-Mobil Oil, Dow Chemical, Bank of America, Union Carbide, General Telephone, and Pittsburgh Plate Glass. United Airlines' profits were up 77% from the third quarter of last year, American Can's 29%, Celanese...
...subsidiary that will offer debentures convertible into Monsanto stock-a form of financing that is familiar in the U.S. but a rarity abroad. Through another new subsidiary, American Cyanamid recently marketed $20 million worth of debentures in Europe. Gulf Oil floated a $25 million bond issue, Socony Mobil a $28 million issue, and U.S. Rubber a $14 million issue-all in Europe...
High-Quality Profits. For Wall Street, the best news is the remarkable rise in corporate profits. Last week record first-half highs were reported by such giants as Du Pont, Socony Mobil, Standard Brands and Ford. Though the rate of increase is likely to be somewhat less spectacular in the second half, Washington policymakers figure that the gains already have been so great that the Government's official estimate of $61 billion in corporate profits for 1965 will probably be exceeded. Investors are reaping the benefits; in this year's first six months, cash dividend payments increased...