Word: hike
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...machine tools dropped from December. But the news was not completely black. The auto industry, despite a cutback in production, reported that February sales of 480,000 cars were 6% above January, 14% above last February. More important, February's final third chalked up a 20% sales hike on a daily rate basis over the second third...
...voluntary support must soar to $1.9 billion a year. Yet this gift goal is no mirage. In its third biennial survey, the Council for Financial Aid to Education reported this week that 1,071 colleges and universities in 1958-59 received gifts totaling $751.4 million, a 20.7% hike over -9 56-57-The pattern of giving was especially interesting. Loyal alumuni were the biggest source (20.3%), and even the graduates of tax-supported state universities gave more than ever before; Indiana alumni gave $2,032,435, followed by the University of Michigan with...
...trial, the Government took only seven days to present its case, arguing that it was illegal for a parent company to consult with subsidiaries on prices. Government lawyers contended that Hines Baker, then president of Humble Oil, talked with Standard of Jersey President Monroe J. Rathbone about a price hike in Louisiana in December 1956, that Rathbone reported the matter to Jersey's executive committee, and that an industrywide boost started soon after. The Government questioned Lion Oil Co. Vice President John E. Howell about a series of phone conversations with top oil-industry executives. Howell explained that...
International Business Machines' quarterly earnings of $2.40 a share (v. last year's $1.91) hiked the company's 1959 total to a record $7.97 a share. General Foods Corp., the nation's largest food processor, rose 17.3% to set a new quarterly record of $1.12 a share v. 95? a share last year. Bulova Watch Co. ticked its way to an impressive 69% hike for the first nine months, largely on the strength of higher earnings in its third quarter...
...managers, all heavy overhead items of fixed cost. When recession came, the businessmen were stuck; they could lay off hourly workers, but they still had to pay their fixed costs for plants and highly trained white-collar staffs. As sales dropped and earnings were squeezed, the tendency was to hike prices in hopes of maintaining profits. Says Schultze: By insisting on immediate returns on their investment "instead of writing it off against the future, they showed a little bit of a lack of imagination...