Word: steels
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...severity of the current recession was written in red across scores of first-quarter corporate earnings reports last week. Beset by sagging sales and oppressive interest rates, companies in a broad array of industries, from autos and airlines to steel and even oil, posted sharp profit declines or outright losses...
...auto slump has devastated the steel industry, which relies heavily on shipments to Detroit. National Steel lost $40 million last quarter, and Republic dropped $67 million. At U.S. Steel profits were down 71%, to $80 million. The firm would have had almost no profit without the earnings of Marathon Oil, which U S Steel acquired in January. Company Chairman David Roderick said last week that steel shipments had reached their lowest level in 40 years...
Tighter control of stocks is being made possible by the spreading use of computers throughout business. With computers, managers from supermarkets to steel mills are able to know, from one minute to the next, exactly what is in their warehouses and storage bins. This helps save hundreds of thousands and even millions of dollars a year by holding stocks to the absolute minimum levels needed to keep production lines humming...
Computerized inventory control has proved especially helpful to heavy industries like steelmaking. More than simply keeping track of large stockpiles of raw materials, such as iron ore and coking coal, steel firms also have to make sure that stocks of finished goods, ranging from rolled steel to ingots, sheet metal, cable and wire, are neither too large nor too small for projected demand. Says Albert E. Martz, a general manager for Jones & Laughlin Steel Corp. of Pittsburgh (1981 sales: $4.7 billion): "As a result of higher interest rates, we are trying to run leaner and operate closer to the bone...
Faster than a hungry agent! More identifiable in cape than collar! Now able to deliver long sermons in a single breath! Look! Up in the pulpit! It's a man! It's a priest! It's Christopher Reeve not playing Superman! In Monsignor, the Man of Steel quick-changes to become a man of the cloth. Reeve, 29, plays an Irish Catholic priest from New York's Lower East Side who rises to become a Cardinal. The actor, a lapsed Episcopalian, spent seven weeks taking Catholic instruction from Paulist priests. For one location scene in Sicily...