Word: boost
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Dates: during 1950-1959
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...when General Motors Corp. and Walter Reuther's United Automobile Workers (C.I.O.) signed a "cost-of-living" contract, both sides hailed it as a noble experiment in labor relations. Under the contract, the autoworkers got an 11? an-hour raise, plus an automatic boost of 3? an hour at the end of the first year. They also agreed that their wages should be adjusted up or down each quarter to compensate for sizable movements of the Bureau of Labor Statistics' "cost-of-living" index. For a while, it looked as if the union had played it smart: three...
...Approved legislation for a $130 million-a-year boost in U.S. postal rates. The bill would raise rates in all classes of service except letters, boost the mailing cost for postcards...
...gave stockholders something else to celebrate: the company declared an extra dividend of $1.15 a share on top of its regular quarterly payment of 10?. Although the company's twelve-month sales had sagged 10% from $22 million in the previous year, Penman Sheaffer had been able to boost his previous $2.4 million profit...
...companies began diverting overseas production to the U.S. market, where there was also a surplus, independent producers were squeezed. They began demanding everything from a presidential embargo to a tariff boost on imported oil from 10½ to $1.05 a barrel. Frightened major companies cut back planned 1950 imports by as much...
...room King Edward. The others: Hamilton's Royal Connaught, Windsor's Prince Edward, Niagara Falls' General Brock, and the Alpine Inn at Ste. Marguerite, Quebec, which Henderson plans to sell as soon as he can find a buyer. Henderson figured that the deal would boost his Sheraton Corp.'s total hotel assets to $64 million, though still well behind Conrad Hilton, the biggest U.S. hotel operator...