Word: pricing
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Dates: during 1960-1969
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...George Wallace's American Independent Party wins enough Deep South states to force selection of the next President into the House of Representatives. With one vote for each state delegation, a handful of Wallaceites prove crucial. What price their support? If not repeal of the 13th and 14th Amendments, an ambassadorship to South Africa for George, at the very least...
...back as his 1967 State of the Union address, then failed to press for it. Ten months ago he demanded a 10% increase, but a recalcitrant House coalition, led by Ways and Means Chairman Wilbur Mills, would not yield without parallel cutbacks in Government outlays. Meanwhile, consumer prices were advancing at an annual rate of 4%, more than twice the average of the early '60s. The gross national product was bubbling toward the $850 billion level, up some $65 billion from last year. Interest rates soared. On top of a $20 billion-plus federal-budget deficit in the fiscal...
With French workers winning wage increases averaging 15% this year aviation men estimated that the plane's $20 million price tag will climb by another $700,000-perhaps more. "The increase in French costs is bound to have an adverse effect on the Concorde," said John Stonehouse, British Minister of State for Technology, "because it will be more difficult to sell outside France and the U.K." Indeed the delta-winged plane is already encountering sales trouble: airlines have signed options to buy only 74 Concordes-and the figure has remained static for a year. Even with sales...
...A.M.C., which after two years of deep deficit showed a $1,133,775 profit for the six months ending March 31, shedding Kelvinator will provide some of the cash necessary for continued recovery. The purchase price is expected to be about $45 million, and A.M.C. is sure to apply at least part of that toward a $52.5 million short-term bank loan due at the end of the year. Equally important, income from the deal could enable the company to move further into the production of parts, thus reduce its costly reliance on outside suppliers. As A.M.C. Chairman...
Hung Up. Partly reflecting such alarums and largely ignoring the fact that A.T. & T. profits ($2 billion last year) are at record levels. Bell stock has sagged to its lowest price since 1960. Between mid-1964, when the stock reached a peak of $75 a share, and last week, when it closed at $49.75, Bell's total market value declined $11 billion...