Word: nine-month
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...world's biggest corporation, and earned $1.3 billion in the first nine months of 1965, the American Telephone & Telegraph Co. is not exceptionally profitable. Its return of only 8% on invested capital ranks it 43rd among the 50 largest utilities. By contrast, General Motors, which last week announced nine-month profits of $1.54 billion, the highest of any company ever, collects 22.8% on its capital. Reason for A.T. & T.'s modest return: as the nation's No. 1 private monopoly, it is sternly regulated and frequently investigated by Federal and state governments. Last week the Federal Communications...
...work. Keep trying, and it will loosen up and begin to function." He is convinced that music is a key to learning to read. Since all the grades in his school began using the technique, the percentage of retarded readers there has been halved. In a nine-month trial, one class that employed the music jumped four months ahead of a class using standard methods...
...stern-fatherly fashion, he urged both sides to weigh the grave damage a strike could wreak on the U.S. economy, on the war in Viet Nam. To underline his point, he noted that the record 116-day steel strike in 1959 had plunged the nation straight into a nine-month recession...
Auto sales in mid-April were 14% greater than a year ago, and Detroit's six-millionth car of the model year rolled off the production line three weeks ahead of the 1964 pace. Orders for machine tools hit a nine-month peak in March. U.S. industry is spending considerably more this year on plant expansion and new equipment than originally estimated; at the present rate, 1965 capital spending is expected to soar 15%, to more than $51 billion...
...world's biggest manufacturer has more owners than Baltimore or Houston has people, and last week these 1,150,000 investors had good reason to rejoice. General Motors Corp., reporting record nine-month profits of $1.36 billion on alltime sales of $13 billion, voted a year-end extra dividend of $2 a share. With higher dividends for the first three quarters, that will raise G.M.'s big payoff from $4 a share last year to $4.45 this year, and give some 250,000 shareholders enough for a down payment on a new Chevy or even...