Word: boost
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...biggest boosts came from Sears, Roebuck & Co. On the last day of trading, Sears's directors announced a three-for-one stock split and a dividend boost; in seven minutes Sears stock shot up 6½ points to 117, nearly 43 points above the year's low. In chemicals, stockholders approved a merger between Lion Oil Co. and Monsanto Chemical Co., sent the big chemical company up 2¼ points to 50 ⅜ In autos, giant General Motors jumped | of a point to 143⅞ when its stockholders put final approval on the-three-for-one stock split...
Cadillac's 1956 standard models were only face-lifted from last year. The major change is in the engine, with a boost in horsepower from 250 to 285 on most models. An optional new feature: gold-trimmed front grilles and wheel disks...
...alltime record annual rate of 1,350 Ibs. per capita, and demand is mounting steadily for consumer goods and a host of new steel products, e.g., stainless steel sheathing for buildings. Last week in Cleveland, Republic Steel Corp. announced plans for a $130 million plant expansion program that will boost its capacity 16% to 11.8 million tons a year within 20 months. Said Republic's President Charles M. White. 64, who succeeded tough Tom Girdler as Republic's operating boss last June: Republic's new expansion, launched only two years after a 17% capacity increase, is "based...
...industry's present fast-tax-write-off program beyond 1957. Many steelmen expect to see three brand-new U.S. Steel plants in Detroit. Houston and Birmingham by 1958. Bethlehem is also expected to start expanding again. Jones & Laughlin may build a new 2.5 million-ton plant and boost capacity 30% at its Cleveland plant. Pittsburgh Steel is expected to announce expansion plans next month...
...pressure takes several forms. In Japan, as in Korea, it is taxes. A new Japanese tax boost on foreigners (TIME, Aug. 22) will mean that in order to give an American employee $10,000 in take-home pay, a company must peg his salary at $30,000. In Burma laws require that every company have at least 51% Burmese capital and employ at least 75% Burmese nationals. In India and Indonesia, even in the friendly Philippines and cosmopolitan Hong Kong, political and popular pressures are making U.S. firms hire fewer and fewer Americans, more and more Asians...