Word: toed
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Dates: during 1950-1959
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Upjohn's Dr. E. Gifford Upjohn conceded that the race of drug companies to keep up causes his firm, in line with others, to spend 28.6% of its budget on 1,000 salesmen (out of 5,700 employees), plus other promotional activity. Research costs: 9%. Despite the high overhead...
PHONY TV ADVERTISING will come under closer watch by the FTC and the Justice Department. They have agreed to tighten prosecution against deceptive commercials in the food, drug and cosmetic fields. Convicted advertisers would face criminal penalties of up to $5,000 and six months in jail for a first...
RECORD SWIM-POOL SALES in 1959 added 62,000 pools to the 184,000 already installed in the U.S. Two-thirds of the new pools are residential.
LIFE INSURANCE COMPANY assets will climb to a record peak of $113.6 billion by the end of the year, up $6 billion from last year's high.
FIRST ALUMINUM freight cars started service for the Southern Railway System. The cars are lighter, cheaper to operate; Southern has ordered 1,205 for some $24 million.