Word: profits
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Dates: during 1960-1969
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...July 1968, when tariff barriers between Common Market countries are brought down all the way, French industry will have to face increased competition, and it is believed ill equipped to hold its own. De Gaulle's bills aim at tightening up industry and encouraging mergers, also include profit-sharing provisions for workers. As important as these economic reforms is the Gaullist intent to force center groups sandwiched between the Gaullists and the left in the National Assembly either to make common cause with the Gaullists, or take the blame for defeating the government bill and thus risk new elections...
Altogether an impressive 416 Big Board stocks last week hit new highs for the year. Many investors had already discounted first-quarter setbacks and were buying in 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...
...week could best be described as two-tone. The darker hue was painted by General Motors: the world's largest automaker reported that first-quarter sales were off 15% from last year to $4.85 billion. Earnings as a result slipped 34.5% to $389.6 million, the poorest first-quarter profit for G.M. in five years. Balancing all that, however, were brighter prospects for the auto industry as a whole. Braced by an unexpectedly strong upturn in sales during April, auto companies have revised their production schedules for the second quarter. Altogether, 2,155,000 cars will be produced...
...Steels were generally down. Management blamed the drop on higher operating costs and a profit squeeze caused by increased employee benefits. U.S. Steel Chairman Roger Blough reported sales up 15.8% for the quarter to $965 million, but profits down 18% to $41 million. Second-ranked Bethlehem Steel showed a 4% increase in sales to $638 million, but earnings were off 12.5% to $32 million...
...trance. My vision blurred and suddenly I could see the entire page in one glance. It was induced by rhythmic repetition over the same page many times." The term has been dropped, in favor of a more gradual description of success, because it was not conducive to profit making. "We have been instructed not to talk about it much anymore. Too often it is not substantial and students return to their old speeds. Also, it makes the course too much of a hit and miss proposition," says Kilgo...