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...Restyling is widespread (at a total cost of $750 million). Main points: The fins win; they stay, flaring upward and outward. Chrome will be a little less glittering, and hung on cars stretching wider, lower and longer than any before. ¶ The horsepower race is apparently over; increases will be generally small. ¶ That much talked about "Detroit small car?" At least a year away, though there may be a push on six-cylinder economy models...

Author: /time Magazine | Title: Business: The New Cars | 8/25/1958 | See Source »

...nuclear submarine moved easily and rapidly through the quiet depths, its reactor-driven geared turbines purring, its coffeepots perking, its jukebox playing, its 116-man crew caught up with an unusual sense of excitement. On the submarine's closed-circuit TV screens, the crewmen could see an upward-pointed camera-eye view of an ice pack, lit up by the Arctic's 24-hour-a-day sunlight, like a translucent cloud racing by. In his cabin, a slim U.S. Navy commander wrote out in longhand a couple of messages-one addressed to President Dwight D. Eisenhower, the White...

Author: /time Magazine | Title: ARMED FORCES: A Voyage of Importance | 8/18/1958 | See Source »

...tobaccos were still riding high on price increases and the popularity of filter tips. General Motors, only one of the Big Three to stay in the black for the quarter, thought the worst was behind. Said President Harlow Curtice of the auto industry: "There are indications that a modest upward trend has begun...

Author: /time Magazine | Title: Business: Modest Upturn | 8/11/1958 | See Source »

After months of recession, U.S. business had finally hit bottom and started to climb once more. Leading indicators edged upward, farmers were entering a new period of prosperity, the all-important U.S. consumer was beginning to regain his appetite (see below). As business gathered new momentum, the events in Lebanon and Iraq would surely introduce a new influence. The expected effect: an additional nudge forward...

Author: /time Magazine | Title: STATE OF BUSINESS: A Nudge on the Turn | 7/28/1958 | See Source »

Last week, as the Middle East crisis pushed sugar futures prices upward, Sugarman Lobo stood to profit even more. He owns or controls eleven sugar mills in Cuba, finances another 15 to 20 mills when the market demands it. He handles half the 5.5 million-ton Cuban sugar crop, finances 25% of the Puerto Rican and Philippine crops, amounting to another 500,000 tons. A rise of a fraction of a cent (½ last week) on world markets can mean a small fortune for Lobo...

Author: /time Magazine | Title: BUSINESS ABROAD: Sugar King | 7/28/1958 | See Source »

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