Word: nine
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Dates: during 1950-1959
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...rooftops of Trieste. Quick-marching into the Piazza dell' Unità, beplumed Bersaglieri were hard put to it to clear a path through the delirious crowd of 250,000 that shook the vast square with endless roars of "Viva l'Italia! Viva Trieste Italiana!" Thus, after nine postwar years as a "free territory," the citizens of the Adriatic port city of Trieste deliriously greeted their reunion with Italy...
Stoppage for G.M. By the end of last week, General Motors had laid off 185,000 production workers across the U.S. Following nine Chevrolet assembly plants previously shut down, G.M. halted all production of Pontiacs, Oldsmobiles and Cadillacs, closed down all but one Buick plant. By the end of this week, General Motors production, now at a mere trickle, will be stopped completely. Chrysler has already laid off 5,000 workers in ten plants, by week's end will be forced to lay off many more. Ford cut back to three-and four-day weeks to conserve its dwindling...
Amidst the third-quarter earnings reports and stock-split announcements last week there was a standout: Westinghouse Electric Corp. With the company's nine months' earnings soaring ($3.17 per share v. $2.79 in 1958) on only slightly higher sales than last year, its directors recommended a two-for-one stock split, boosted the annual dividend rate from $2 to $2.40. For Westinghouse, the nation's oldest (73 years) and second largest electrical equipment maker (first: General Electric), the split climaxed a three-year drive to reorganize the company and recover from a crippling five-month...
With the effects of the steel strike still to be felt, bright earnings news last week also came from General Motors Corp., whose third-quarter profits doubled over the same period a year ago, and boosted nine months' net to $2.55 per share v. $1.39 last year...
...nation's steelmakers, the strike's effect on earnings was all too apparent. All continued to report heavy third-period losses, though most showed nine-month results ahead of last year. Top ranking U.S. Steel had its first quarterly loss in 21 years, and its largest ever. Big Steel lost $31 million in the July-September period, but had nine months' earnings of $3.80 per share v. $3.56 last year. Other nine-month steel earnings: 1958 1959 Bethlehem Steel $1.68 $1.75 Jones & Laughlin 1.45 3.15 Wheeling Steel 1.80 2.78 Inland Steel 1.86 1.99 While second-quarter earnings...