Word: zenith
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Dates: during 1960-1969
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...Series as a legitimate tournament, the $50,000 winner's check did not count toward Nicklaus' official 1967 earnings, which last week stood at $156,748. But together with his other money-from exhibitions, endorsements, TV and radio shows, royalties on golf clubs and clothes, stocks (Polaroid, Zenith, IBM), real estate and Louisiana oil-it pushed his total annual income toward another nice round figure...
...Consumer uncertainty" is the reason for the slump, says Zenith Radio Corp.'s President Joseph S. Wright. Tight money and the threat of increased income tax are listed by others. Even fear of racial riots is a factor. "People aren't coming out at night to shop," says the owner of Roxy Electric Center, a retailer in Philadelphia. The continuing high cost of color is undoubtedly the biggest reason. As a sort of reverse proof of this, Philco-Ford, an exception to the general trend, offered a color set for $299, saw first-half sales increase 65% over...
...introduced a transistorized set for $599, which is some $ 100 below its original estimate. RCA, the largest of the color TV producers with 30% of the market, marked down the original price tags on its new line by $20 to $30, in June, while Zenith broadened its line to include a smaller, less expensive set. G.E., too, is now pushing a "personal portable" table model...
...keep borrowing costs low enough to stimulate the economy, interest rates on corporate and municipal bonds have climbed back to a point close to their 1966 peak. As the money pinch began easing late last year, yields of Aa-rated corporate bonds dropped from September's 6.35% zenith to a low of 5.20% by the end of January. By last week, the rate was back to 5.95% and still going...
...Chief Executive Ling, 44, the Wilson deal was the zenith of a sensational rise that began in an electrical shop in 1946. With $3,000 in capital and a battered pickup truck, Ling contracted to lay wires in buildings springing up in prosperous Dallas. He learned finance, went public, issuing 800,000 shares in his little company-keeping half for himself-at $2.25. Next came his first acquisition: an electronic-vibration-equipment maker, for which he paid $19,000 cash and assumed the company's debts of $66,000. After a series of small takeovers, Ling was ready...