Word: steel
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...figures, to $675 billion; the productivity growth rate went from 2.7% to 2.9% . Under the revisions, the guideline ceiling ought to be raised to 3.6%. Moreover, businessmen claim with cause that the Administration, while merely grumbling about wage increases, coerces observance of the price ceiling. Thus, when Bethlehem Steel last fortnight tried to raise prices on structural steel by $5 a ton, Johnson ordered all federal agencies to refuse to buy Bethlehem structurals. Yet, while New York's transit workers were winning an infinitely more inflationary contract, Johnson said nothing...
...TIME cover, June 4), heated up the industry 15 months ago by moving into Wheeling Steel, the nation's twelfth largest steel company. In abrupt Simon fashion, he forced five directors off the board, tossed out the chairman-president, charging mismanagement, installed his own chief executive. Wheeling has since rubbed the steel establishment the wrong way by dropping out of industrywide wage negotiations and by giving customers when-they-order guarantees against price increases before delivery...
Last week, however, Simon was the toast of Pittsburgh. Reason: he had moved to head off a takeover by somebody else. For two weeks, Crucible Steel, a specialty company with $300 million annual sales in alloys, stainless, tool and carbon steels, had been one of Wall Street's most active stocks; Crucible's stock fluctuated over a ten-point range. Then the reason came clear. Headed by Chicago Industrialist Morris J. Rubin, who helped engineer a takeover 21 months ago of the U.S. Smelting, Refining & Mining Co., a Crucible-minded "Stockholders Committee for Better Management" was buying Crucible...
...sure, many shares: those listed for sale represented only $9,000,000 of the total $143 million equity of Fried. Krupp Hüttenwerke A.G., a recently organized coal-and-steel subsidiary that forms only a fraction of the Krupp holdings. Each of the preferred shares issued at a par value of 100 German marks ($25) carried a guaranteed annual dividend of at least 10% for the next 10 years. With such a sweetener tagged on, the Krupp shares opened at $39.75 on the West German exchanges, and at week's end were selling...
...finance further expansion and diversification, Krupp has recently needed ready cash-and raised a quick $27 million by selling shares to several West German banks; they agreed not to sell their Krupp shares until the presently depressed market for German coal and steel stocks improves. Last week's public offering also symbolized a growing recognition that one-man, head-of-the-family control over the empire may end with Alfried Krupp himself. His son Arndt, 28, the heir apparent, one of the swiftest of Western Europe's jet set, does not have an intense interest in business affairs...