Word: ponting
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...uncommon measure, E.I. du Pont de Nemours & Co. owes its long reign as the world's largest chemical company to its prowess at scientific research. With endless inventiveness and one of the largest corporate research budgets ($110 million a year), Du Pont's 4,000 scientists annually discover some 1,000 completely new compounds of matter, nurse these and other laboratory-born ideas into commercial usefulness at the remarkable rate of one a month...
...expectation of a strong year. General Motors gained $5.25 a share despite a 34.5% plunge in profits (see following story). Chrysler, which rose $2.63 two weeks ago in the face of a 71% profit dip, added another $1.75 last week to reach a 1967 peak of $44.25. When Du Pont reported a 24% profit decline two weeks ago, its shares jumped from $147 to $158.25; last week Du Pont traded as high as $167.50 before easing back to close...
Indeed, it seemed that stockholders were well educated as to the causes of the downtrend and ready to accept the worst. It therefore came as old hat that such past record setters as Du Pont, Caterpillar, Union Carbide, and Safeway Stores reported earnings slides. After six years of record-high dividend checks, stockholders appeared fat, friendly and eager to be entertained by the corporate hierarchy...
...Union Carbide, second only to Du Pont in chemicals, achieved its fifth straight record year, with profits up 2% to $231 million on sales of $2.2 billion, despite what Chairman Birny Mason Jr. called "adverse factors"-mostly strikes-which brought on a fourth-quarter squeeze. Mason's continuing expansion program is moving Carbide close to Du Pont, whose 1966 earnings fell 5% to $389 million...
...m.p.h. Newberg claims that with Posi-Trac, which costs $80 a set, "nails, spikes, bullets, you name it, cannot stop the car insofar as tires are concerned." More conventional solutions are on the way. New polymers and other advances, says Dr. George F. Lanzl, Du Pont research di rector, will some day produce "ordinary tires that will make it an unnecessary precaution to carry a spare...