Word: steels
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Dates: during 1950-1959
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Detroit's auto industry, which started its 1960 model year with such a boom (see Autos), faces another two months of bust. Ford Motor Co., which makes 40% to 50% of its own steel, is in the best position, but it has only enough steel to last into early December at reduced production rates. Chrysler, already operating on a four-day week, will probably have to shut down completely by late November. American Motors expects to continue at its present high production rate. Studebaker-Packard also hopes to get by without any cutbacks. General Motors is just about shut...
...Effects Go On. For the nation's big steel users, the prospect is for still more layoffs in the next six weeks. More than 410,000 workers outside the steel industry have been furloughed because of the strike; the Department of Labor reports that the layoffs will continue at an accelerating rate as steel supplies are exhausted. Both the number and size of the shutdown plants are increasing...
...LAWRENCE SEAWAY traffic for year will total an estimated 6,600 ships carrying 20 million tons of cargo when it closes for the winter at end of November. This is 20% less than expected, because late spring thaw and steel strike cut shipments...
...undisputed genius of the flamboyant world of cosmetics is Charles Haskell Revson, president of Revlon, Inc. From Charlie Revson's hard-as-steel mind spring the soft and alluring shades-Red Caviar, Pink Lightning, Plum Beautiful-that have touched the lips of more U.S. women than those of any other maker. Last week, at 53, trim (5 ft., 8½ in., 144 lbs.), handsome Charlie Revson ran into some embarrassing new facial shades: Quiz Pink and Umbrage Blue. As sponsor of the rigged $64,000 Question and $64,000 Challenge-which in four years helped triple Revlon...
...into a million-dollar-a-year business employing 46 fulltime employees in New York, Chicago and Houston. Flight Safety provides instruction on new procedures and new aircraft to more than 800 professional pilots who fly the executive airplanes for some 200 major corporations, including Gulf Oil Corp., United States Steel Corp., American Can Co., International Harvester...