Word: shared
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Dates: during 1960-1960
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...Puffing mightily, Los Angeles' Parry O'Brien, 27, put the 16-lb. shot 63 ft. 1 in. to break his own indoor world record by a whopping 11¼ in., share meet honors with Miler Burleson (see above). In Manhattan, The Bronx's heavily girdered (6 ft. 2 in., 245 Ibs.) Gary Gubner, 17 (TIME, Jan. 25), finally found a gym big enough for his liking, snapped the national high school indoor record for the 12-lb. shot by 8 in. with a heave...
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...
American Steel Foundries hit a $1.05-a-share pace, nearly triple its 1958 performance. Beech Aircraft profits soared 63% ($1.41 a share v. 88?) on a 49% rise in sales, and Diamond Alkali Co. chalked up earnings of $1.03 v. 88? for last year. In Manhattan, Chairman George Romney led off the auto parade by announcing that American Motors pre-tax quarterly earnings were "considerably higher" than the $21 million earned a year ago, although the net may be less, because last year American Motors still had a loss carryover to offset taxes...
Even companies whose quarterly earnings dropped because of the steel strike were generally able to clear the year in good shape; e.g., Allied Chemical raised its 1959 earnings 46% (to $2.51 a share) despite a quarterly drop of 4% in profits. But nothing could save Douglas Aircraft Co. from a hefty 1959 loss as a result of heavy charge-offs against its new DC-8 jet transport program. The firm reported a loss of $33.8 million, compared with a $16.8 million profit in 1958. However, it expects peak deliveries of DC-8s in 1960 to boost overall sales to more...
...Paradise. Few Hawaiians ever thought they would see the day when sugar planters would want-or need-to look beyond their own verdant cane fields. In the old days, sugar planters dominated Hawaii's economic, political and social life. But in the last 20 years, sugar's share of the Hawaiian gross product dropped from...