Word: razors
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...with new elections due early next year, five weak opposition parties last week summoned up their nerve and nominated a candidate to challenge Ayub. The nod went to Fatima Jinnah, sister and collaborator of Mohammed AH Jinnah, the late father of Pakistan independence. Razor-tongued and prickly (she once snubbed visiting Eleanor Roosevelt after a fancied slight), "Miss Jinnah" enjoys such personal prestige that probably no government could silence her-and she has been increasingly critical of Ayub. But she probably represents no great threat to Pakistan's soldier-chief; a political novice and around 70 years old, "Miss...
...London hall last week a group of angry investors bitterly chanted Handel's "Dead March" from Saul, and an accountant rose to read solemnly from a 75-page report. It was the Doomsday Book of Rolls Razor Ltd., the base of John Bloom's washing-machine empire -and it contained some shockers. Britons knew that Bloom had fallen badly, but no one had guessed quite how badly. Citing examples of incredibly slovenly bookkeeping, the report revealed that Rolls Razor, whose assets in bankruptcy are only $2,100,000, is in the hole to creditors for $11 million...
...stakes fourfold since 1950. Chrysler recently bought a majority interest in Simca of France and 30% of Britain's Rootes Motors. In West Germany, Ford and General Motors command 37% of the auto market. Other U.S. industries with rapidly expanding foreign holdings: office equipment, farm machinery, petroleum, aluminum, razor blades. For most, the overseas investment pays off handsomely. Last year, earnings on corporate investment abroad grew by 8% to $4.6 billion more than all the U.S. companies sent abroad...
When Entrepreneur John Bloom, then only 30, offered 500,000 shares of his Rolls Razor Ltd. on the London Exchange two years ago, investors grabbed them at $3.50 a share. On Bloom's rising reputation and Rolls's rising washing-machine sales, the hot stock doubled. In recent weeks, however, London's City has buzzed about troubles at Rolls, and the price of the company's stock has fluttered wildly. Last week, just two years and 51 days after John Bloom's stock was listed, it fell with a mighty crash. Nine minutes before...
...offering home washing-machine demonstrations. The ad drew 7,000 replies from prospering Britons-and Bloom soon had a firm set up to sell them. His unorthodox selling and barebone prices quickly cornered 10% of the washer market. Bloom then bought out lifeless Rolls, an old razor maker, to use as his corporate vehicle, expanded into dishwashers, refrigerators, trading stamps, rental TV, and even cheap holiday tours for Britons on Bulgaria's Black Sea coast...