Word: priced
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Dates: during 1960-1969
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...m.p.h. Trouble was, the old steamers took half an hour to get the pressure up and used water at so prodigious a rate that they had to stop for refills every few miles. They also had bulky boilers that blew up from time to time. Those drawbacks, along with price (a Stanley Steamer cost $2,200 v. $360 for a gas-powered Ford Model T), were enough to drive them off the nation's highways...
...week-long transport tie-up by telling the nervous airline negotiators that he wanted a settlement regardless of the inflationary effects. The machinists finally agreed to a munificent increase averaging 5.7% a year for three years, thus pulverizing L.B.J.'s cherished 3.2% guideline for wage and price hikes. Afterward, wage boosts of 5% or so became standard throughout U.S. industry...
Gift for Creativity. J.W.T. aims to market 750,000 of its 2,700,000 shares, which are now all held by the agency's executives and its retirement fund. The sale will begin about June, at a price still to be determined. Of these shares, 350,000 will come from the company it self, and 109,709 from the retirement fund, which will still retain the largest block of stock. The rest will come from the firm's officers, who are being asked to sell up to 20% of their holdings for the issue...
...fixed return on investment; the old policy has lost appeal because of inflation. Last month, Chicago-based C.N.A. Financial Corp., a major insurance combine, agreed to acquire Los Angeles' Larwin Co., the nation's largest privately owned home-building concern (1968 sales: $50 million). The price: $100 million in C.N.A. stock. Prudential Insurance recently bought a half interest in southern California's Westlake Village, a new town being built by Shipping Magnate Daniel Ludwig...
...Gilbert and Sullivan's Pinafore applies with prophetic accuracy to much of today's corporate enterprise. There are dozens of legal ways in which companies can juggle their books to inflate profits. The most common objectives are to camouflage a poor earnings performance, to help lift the price of common stock, and to promote-or fend off-mergers. Many conglomerate corporations owe their recent ascendancy at least in part to such practices. The trend has spread confusion among security analysts and investors; it has fired acrimonious debate among businessmen and accountants; it has provoked concern among regulatory authorities...