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...fight against higher wages for steelworkers, reported that Big Steel's profits reached record levels of $2.64 per share in the second quarter v. $1.25 in the same quarter last year, raising half-year earnings 96% to yet another record: $4.50 per share for the half-year v. $2.29 last year. Steel sales for the quarter rose to a record $1.4 billion, hiking first-half sales $1.1 billion above last year to a record $2.5 billion...

Author: /time Magazine | Title: Business: Embarrassment of Riches | 8/10/1959 | See Source »

Bethlehem Steel set new records with second-quarter profits of $1.59 v. 61/ last year, first-half profits of $2.64 v. $1.13 last year. President Arthur B. Homer reported that Bethlehem's billings of $1.4 billion for the first half also touched new highs; so did production, which was running at 97% of capacity just before the steel strike. From Republic Steel Chairman Charles M. White came another record report to round out the picture: the nation's third largest steel firm ran up quarterly earnings of $2.57 a share v. 98? last year, half-year earnings...

Author: /time Magazine | Title: Business: Embarrassment of Riches | 8/10/1959 | See Source »

GENERAL ELECTRIC. First-half profits climbed 13%, from $1.18 to $1.34, on a 4% sales rise, in what Chairman Ralph Cordiner called "a continuation of the steady improvement begun last year." Cordiner was "encouraged" by increased consumer spending and a hike in expansion spending by industry...

Author: /time Magazine | Title: Business: Halfway to a Record | 7/27/1959 | See Source »

...LORILLARD. First-half earnings rose to $2.02 a share, up 15% from last year. The performance, said Chairman Lewis Gruber, was due to a $19 million rise (to $240 million) in sales of Kents, Old Golds and Newports...

Author: /time Magazine | Title: Business: Halfway to a Record | 7/27/1959 | See Source »

American Motors earned $2.10 for its second fiscal quarter, boosting first-half earnings to $5.66 per share v. $1.25 during the same period last year. For the first time since 1954, American returned to a quarterly cash dividend program, declared a 60? payment. With the peak sales season coming up, President George Romney said he "anticipates an even higher level" of production, sales and earnings...

Author: /time Magazine | Title: Business: To Higher Roads | 5/4/1959 | See Source »

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