Word: shared
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Dates: during 1960-1960
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Motels & Laundromats. For the most part, the modern pros are a congenial lot. They share in their trade secrets, e.g., heating golf balls with pocket handwarmers fired by lighter fluid, because a warm ball has more bounce than a cold one. They share in the physical ailments of their profession: back trouble from the constant twisting of the spine (Finsterwald, Marty Furgol); a torn tendon along the third finger of the left hand that exposes a nerve, keeps a player from gripping his club firmly (Rosburg, Snead, Jack Burke Jr.). They share in their social life. Driving some...
...fine 1959 and first-quarter 1960 earnings report (TIME, April 18). ⅛But when President Kappel explained what was on his mind, the cheers turned to groans. Contrary to all hopeful' rumors, said Kappel, A.T. & T. was not considering an immediate boost in the $3.30-per-share annual dividend. "The time since the dividend was last increased was very short-one year-and this is not a long enough period to tell us what we need to know about the future, which is very long indeed." A.T. & T. stock, which had hopped to a new high...
...bosses of dozens of other top U.S. companies, the greeting from stockholders depended not so much on additional goodies but on whether profits were up or down. Steelmen beamed as they presented quarterly reports posting new records for sales and earnings. Armco Steel was up to $1.62 per share v. $1.43 in last year's first quarter; Kaiser Steel zoomed from 76? to $1.79 per share; both Republic Steel and Granite City Steel were ahead of 1959. As the first of the automakers to report, Ford Motor Co. foretold good news from Detroit with first-quarter earnings...
Nevertheless, across the wide spectrum of U.S. industry, the first quarter of 1960 produced a picture of good business. Some first-quarter earnings (per share...
...steel during last fall's strike, spent millions tooling up to produce the Valiant compact and to convert body shops to the new unibody construction. But now sales are climbing, reported Colbert, and all divisions, even high-priced Chrysler Imperial, are operating at a profit. Chrysler's share of the market: 16.1% in March v. 14.4% in January...