Word: ordering
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Dates: during 1950-1959
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...earnings with profits in recession 1958, said Bethlehem's Homer, was comparing "apples and pears." Republic's White called his company's second-quarter record "to a major degree a result of robbing business from the third quarter." Such profits, he said, must be "the regular order of business" if the industry is to modernize and grow, compete against foreign firms and other materials at home. But the industry's argument did not stem the union's expected attack. Cried Steelworkers Boss David J. McDonald: "The astronomical profit figures completely demolish the excuse the companies...
...name as "the guy who did everything." He was one of the three men who engineered the "economy" '39 Champion (priced as low as $675). During the war he began turning out the famed tanklike Weasel for the U.S. just 50 days after the company got the order. He filed more than 50 automotive patents, but he still had not produced his "ideal" compact...
With the remains of their candy cash, they rented a small, windowless garage in downtown Los Angeles, started the Kaynar Corp. in 1943 on the strength of an order for bolt retainers from Ryan Aeronautical Co. They picked up machinery at auctions, set up a profitable, 24-hour operation, spelling each other at the machines. When war's end grounded the aircraft nut-and-bolt business, Engineer Reiner invented the Lady Ellen Klip-pie, an improved woman's hairclip that has captured 90% of the market. Later, he invented the Kaylock nut, a self-locking aircraft...
...plan to transfer to Pan American six long-range Boeing jets (cost: $40 million). Thomas has found that one 707 will do the work of three piston planes (instead of two, as originally expected), is willing to sell to Capital Airlines six Convair 880 medium-range jets, on order for TWA. The sale would relieve TWA's eccentric owner, Howard Hughes, of a $21 million bill; he would still have to raise an estimated $200 million to pay for 37 jets still on order...
...fascinating example of how the vanity firms work was provided by New York's Exposition Press, one of the leaders in the field, during FTC hearings two years ago. Up to a point, Exposition-which has since entered into a consent order promising to mend its ways-went through the routine of a regular publishing house. But the difference between what an editor reported to Publisher Edward Uhlan and what Uhlan wrote to the author-in persuading him that it was worth his money to have his book published-was both funny and pathetic. Items from the FTC hearings...