Word: offing
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Dates: during 1960-1960
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The continued slide in steel production -down to 48.7% of capacity from 49% the previous week-last week brought an overdue change in the way the industry will announce its output. The steelmakers, who have been worried that the rate of capacity figure is not only discouraging these days but...
The evangelist of the auto industry, President George Romney of American Motors Corp., announced last week that he was "lighting the candle" for his second crusade. (His first: the compact car.) The new crusade, he declared at a New York press conference, is a "progress-sharing plan to aid the...
Each buyer of an American Motors car will get a $25 bond for every 10% increase. The effects will be cumulative. Thus if December sales increase 10%, and there is another gain in January so that the two months' total rise is 20%, the December buyer who has already...
A 10% increase in sales during the trial period would cost the company $2.8 million; a 50% increase would cost it $18.7 million. The first Wall Street reaction was one of suspicion. By week's end A.M.C. stock was off one point. What the sellers failed to realize is...
Romney attaches altruistic motives to his second crusade. He says that he wants to show industry a way out of the wage-cost spiral that is pushing prices up, hurting the consumer and driving business out of the U.S. Ford and G.M., said Romney, have been moving production out of...