Word: two
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Dates: during 1960-1960
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...many a worried U.S. retailer, it was the plight before Christmas. "Of course we're not ahead of last year's sales now," Bloomingdale Board Chairman J. Edward Davidson summed it up last week. "But with two extra shopping days this Christmas, we still have a chance to top 1959." For the year so far, store sales are barely even with 1959's record totals. The big test is in the sales that are made in the gift-buying stretch between Thanksgiving and Christmas-usually 16% of the year's total. For most retailers, Christmas sales...
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 received one $25 bond will get another, and the January buyer will get a $50 bond. The most any buyer can get is $125 in bonds for a 50% increase. Romney said he would probably renew the plan after the four-month trial...
...prosperous C. & O., which earned $37,994,000 in the first eleven months of 1960 and has paid a dividend for all years except two since 1899, intends to pump money into the B. & O. system for a badly needed modernization program, will repair or replace the B. & O.'s worn freight cars. All told, Tuohy expects the merger ultimately to save the two lines $46 million a year...
...seat mile (v. 16? per seat mile for the older ships), cruises at 136 m.p.h. To attract more passengers, the S-61 has a plush, airliner-like interior designed by Raymond Loewy Associates. Los Angeles Airways has ordered five ships, at $650,000 apiece, intends to put the first two in service in late summer when Federal Aviation Agency approval is expected to be granted. Chicago Helicopter Airways has ordered four...
...example of the Irish government's successful campaign to lure in foreign industries to bolster the island's faltering economy. Principally agricultural, Ireland has provided so few jobs that each year as many as 40,000 Irishmen immigrate, mainly to the U.S. and Canada, to find work. Two years ago, the government put together an appealing package. To the foreign industrialist, it grants a ten-year tax exemption on export profits and offers to pay the full cost of training the workers (average wage: $29 for a 44-hr, week), plus 50% of the cost of the machinery...