Word: nine-month
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...disposing of his stock,* said Romney, who praised the SEC's action. More important, he announced that American Motors operations for the third quarter will be "even more profitable than previously expected," i.e., nine months' earnings of about $12,300,000 v. last year's nine-month deficit of $6,467,926. At that projected rate, total earnings in fiscal 1958 could well hit between $2.50 and $2.75 per share...
...worker, he rode the T.W.A. routes restlessly in search of flaws in passenger service, routed out T.W.A. executives to make them ride the routes on their days off, and trimmed the payroll. T.W.A.'s financial postion improved markedly. By the end of September, T.W.A. managed to show a nine-month 1957 profit of $2,400,000 v. $2,300,000 loss...
...cause American Metal Co., Ltd., one of the biggest international producers of lead, zinc, silver and copper, to merge with fast-growing Climax Molybdenum Co. American will swap $141.3 million worth of stock for Climax, merge it into new company called American Metal Climax, Inc. American Metal's nine-month earnings slipped to $8,579,062 from last year's $14,869,617, but Climax's net for same period rose to $11,443,953 from...
Despite all fears about lower operating rates, few steelmen had poor business to report. National Steel, Armco Steel and Bethlehem Steel all had good sales and earnings, Bethlehem with its best earnings ever (see PERSONNEL). And for U.S. Steel, Chairman Roger M. Blough noted nine-month earnings of $329 million for a 9.7% return on sales v. $243.3 million and an 8% return in 1956. All told this year, said Blough, the industry will produce 115 million tons, just under the 1956 level. Next year, though the industry may slip back to an operating rate somewhere between...
...General Motors reported that one of its two experimental Aerotrains has been sent to the La Grange, Ill. yards for remodeling. The other, turned back by Union Pacific after a disappointing nine-month test run between Los Angeles and Las Vegas, is about to be leased to National Railways of Mexico for a tryout there...