Word: nettings
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Dates: during 1950-1959
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...proper pitch for the Wimbledon championship. He had wasted no time getting to the final round, blasting his way past such dangerous competitors as last year's champ, Czechoslovakia's aging (33) Expatriate Jaroslav Drobny, and the U.S.'s Parisian Playboy Budge Patty. Across the net stood Denmark's Kurt Nielsen, an unseeded surprise who had knocked over Ken Rosewall and Italy's Nicolo Pietrangeli to get to the finals...
Today. Busch presides over an industrial giant with a net worth that has grown to nearly $400 million, sales of $216 million, and profits topping $12 million in 1954. At full capacity, his three breweries across the U.S. can produce 8,990,000 bbls. of beer annually, more than any other brewer. How 1955 will turn out is anyone's guess. For the first three months Schlitz held a slight lead, but now, with Budweiser sales soaring, Busch flatly predicts that his beer will win going away...
STOCK-PURCHASE PLANS for salaried employees are being considered by Ford and General Motors. Ford will offer its 46,000 salaried workers stock below market price when it goes on public sale net year. G.M. may make a similar plan part of a new investment and savings program for everybody, from office clerks up to the executives...
Henry Garfinkle, 49, took over as president of 91-year-old American News Co. Percy D. O'Connell retired as president but will remain board chairman and consultant. Critical of sagging sales and profits (last year's net was down $2,251,155 from 1952), Garfinkle and associates spent millions to gain stock control of the company, biggest U.S. magazine distributor. Victor D. Ziminsky will stay on as president of the firm's wholly owned subsidiary, Union News Co., which runs newsstand and restaurant concessions as well as Manhattan's Rockefeller Plaza skating rink...
...first time in its brief history, TV's gross income was greater than radio's. As radio income dipped, TV's soared to $593 million, or 37% more than the 1953 take. TV's net profits rose 33% for the year...