Word: slowdown
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...start, 5,800,000 tons of cane must be ground in the country's 161 mills to bring in $600 million to make up the great bulk of Cuba's national income. Without the 21 closed mills, the goal cannot be met. Electrical workers were on a slowdown strike against the U.S.-owned Cuban Electric Co. They demanded higher pay, reinstatement of every employee fired since 1952 and the removal of Company President W. J. Amoss...
...fast are earnings picking up to match the recovery? From U.S. business last week came fourth-quarter reports that showed profits rising fast enough in many cases to offset the previous slowdown and turn 1958 into a fine year. After limping along 33% behind 1957 for the first nine months, Monsanto Chemical Co. reported the best fourth quarter in history, so good that full-year earnings totaled $1.55 per share, only 7.7% behind last year. Philco's fourth quarter nearly doubled last year's rate. Seeburg Corp. announced 54? a share in the first quarter of its fiscal...
...powered carrier to join the Enterprise, now abuilding. So taken is Chief of Naval Operations Arleigh ("31-Knot") Burke with the atomic carrier's virtues-speed, range and freedom from refueling problems, except for aircraft fuel-that, to get another one, he is even willing to see a slowdown in procurement of atomic-missile subs...
...time the pilots, who had helped organize the stewardesses, walked through their picket line and kept flying; the pilots also own stock in the line.) Pan American World Airways also faces union trouble. Its A.L.P.A. pilots want up to $45,000 a year jet pay, have already forced a slowdown in jet schedules to Europe because they refuse to fly without a jet-age contract. To fill in. Pan Am has drafted 19 pilot-executives, who are not active members of A.L.P.A. But the executives are fast approaching their flying-time limits of 255 hours a quarter, and further schedule...
...there were scattered signals of slowdown. After a steep rise in recent months, steel production leveled to 74.3% of capacity, slightly below the rate of early November. No major production gains are expected unless and until automakers speed their steel orders. Applications for FHA mortgage insurance on new homes slipped 14% from September to October, a sign that housing starts may dip later...