Word: xeroxes
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...some major companies-including Alcoa, Republic Steel and Magnavox-most corporations reported significant improvements over last year's second quarter. A sampling of the biggest increases: Colorado Interstate up 38%, Metromedia 50%, Honeywell 64%, St. Regis Paper 81% . Alltime high earnings for any quarter were registered by Xerox (up 19%) and IBM (up 22%). A sure sign of a reviving economy was the improved earnings of the airlines. In June, Pan Am posted its first monthly profit since last October. TWA, American and United all bobbed back from recent losses and registered profits in the second quarter...
...South Dakota where McGovern and his wife Eleanor first met and fell in love. The club's chairman, California Real Estate Dealer Harold Willens, explains that the members have "fallen in love symbolically with George." They include Co-Chairmen Liz Stevens of Washington and Marjorie Benton of Chicago, Xerox Executive Committee Chairman Max Palevsky, Los Angeles Manufacturer Miles Rubin, Actor Warren Beatty, General Motors Heir Stewart Mott, and San Francisco Socialite June Degnan. The members will be invited to attend the Democratic Convention as VIPs, wearing identifying pins. A similar Washington-based club, called "VICS" (Very Important Contributors), requires...
Joseph's chances of gaining control heightened last week when another bidder dropped out. The Rank Organization-a movie producer and hotel operator that depends for most of its profits on its 49% ownership of Rank-Xerox, the European giant in copy machines-had offered $1.1 billion. Some banks and mutual funds in the U.S. and Europe had bought Rank stock for the Xerox profits and feared a dilution in earnings if the company acquired Watney's. These big investors forced Rank to withdraw...
...earnings and dividends double every ten years. Shaeffer carefully avoids cyclical stocks like aerospace companies and concentrates on stocks in consumer goods and services (Levitz, Kresge and Levi Strauss), natural resources (Lubrizol, Weyerhaeuser, Standard Oil of Indiana and Georgia-Pacific), and science and technology (Electronic Data Systems, IBM and Xerox...
...might be ignored, he sent fifty-odd registered letters, which arrived in New York around 6:30 a.m. Guy's bleary-eyed friends wrote profanities on the receipts; they also sent money. In three weeks he had $2000. Royalties claimed a major chunk, the stage construction another. Even the xerox bill came in at an astronomical...