Word: sheetings
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Dates: during 1950-1959
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...million annually, but in the second quarter they reversed course, started adding to inventories at a yearly clip of $1.5 billion. With steel operations up 2% last week to 81% of capacity, the industry predicted a steadily rising market through summer. As matters stood, Bethlehem Steel, Republic Steel, Youngstown Sheet & Tube already had the highest first-half sales and profits in history. The steelmen's best customers, Detroit's automakers, were doing even better. Chrysler's first-half profits zoomed 380% to $89.7 million as sales jumped 44% to $2 billion; Ford totaled earnings of $171 million...
...result, North American said it might have to lay off 15% of its work force at the Missile Development, Rocketdyne and Autonetics divisions in the Los Angeles area-10,000 employees in all. While the Navaho cut will not affect North American's balance sheet greatly in its current fiscal year (ending Sept. 30), it will mean a 15% or more reduction in the company's $1 billion annual sales in future years unless the company finds a replacement soon...
Bubbly Aluminum. The first practical "foamed" aluminum for extra-light weight has been produced under U.S. Air Force contract by Bjorksten Research Laboratories at Madison, Wis. Filled with bubbles made by hydrogen gas, the new metal is one-tenth as heavy as aluminum sheet, can be sawed, nailed, bolted or glued to other objects. Immediate military use: as lightweight parts in jet planes. Potential civilian use: as a fireproof, rot-resistant substitute for lumber in residential house construction...
...open trial of eleven young Freedom Fighters. For his winning examples he chose Medical Student Ilona Toth, Editor Gyula Obersovszky, Playwright Jozsef Gali and eight others including an army lieutenant, charged them with having murdered an AVH man who had discovered that they were putting out a mimeographed revolutionary sheet called We Live! (TIME, April...
...long ministerial meeting in the mirrored Salon des Ambassadeurs at the Elysee Palace, grave, bespectacled Mollet rose from his place beside French President Rene Coty and walked briskly out through the glass doors to face a crowd of newsmen in the cobblestoned courtyard. Calmly, he read from a typewritten sheet: "Before the Ministers' meeting I offered to Monsieur Coty, President of the Republic, my resignation and that of my government." Reason: he could not go along with the U.S. and British decision to accept Nasser's conditions for using the Suez Canal. Said Mollet bitterly...