Word: product
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Dates: during 1960-1969
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...last week's Nielsen ratings, it could find some consolation in color. While the network continued to expand its color coverage, including everything from Macbeth to Jack Paar, RCA reported that "although black-and-white TV sales dropped 7%, color television showed the sharpest rise of any consumer product on the market-up 30% over 1959." Possible threat for next season: a color western, with all that blood in living (or dying...
...most prosperous year in history-if judged by the overall statistics. The year marked the birth of the first half-trillion-dollar economy the world has ever known, saw the nation's gross national product rise from $482 billion to $504 billion. New records were set for total employment, personal income, industrial production and consumer spending. With more money to spend, the consumer kept buying right up until Christmas week, when department-store sales rose 30% over record...
Never in the postwar era has the U.S. economy held so steady for so long. Though official fourth-quarter figures are still to come, the best estimate last week was that gross national product in the quarter was some $504 billion at an annual rate, almost precisely the same level as the third quarter and close to the second quarter...
...release that it had a franchise on a machine able to transmit writing over telephone wires. The SEC set the record straight (TelAutograph had the machine, but not the only one of its kind). Three weeks ago Sperry Rand Corp. privately showed a group of stock analysts a new product for a computer, although the official announcement was one week off. The company also sent out hold-for-release stories to the press. Within two days, predictably, Sperry stock shot up 4 3/8 points. The New York Stock Exchange "suggested" that the company declare at once all details about...
Stock price boosting succeeds so well because Wall Street is full of investors looking for a lower-priced stock that may develop a new electronics or space product and become a fast-rising glamour stock. The spread of stock-option plans as a form of executive compensation has made stock-minded men of many corporate bosses who once paid little attention to Wall Street. An option is good only if the stock rises. Merger-minded companies also want their stock to have a higher price-earnings ratio; it gives them an advantage in a stock-trading merger with another company...