Retail stores turn toward computer era in retailing
UPI reports that by late 1970s many major retailers may run operations via electronic computers, halted largely by cost and fear of central failures. J C Penney abandoned a $10 million trader computerized venture after recognizing risks, while NCR Singer Friden and Pitney Bowes-Ampex offer large scale terminal systems with rapid checkout, inventory control, and credit checks at high upfront costs.
MENTIONED IN THIS ARTICLE
New York
UPI
Lemithon
Cleveland
J.C. Penney Co
Ge Electric
Doris
Ft. Lauderdale
Fla
Ellison
Young
Western Union
Lgor- Extison
Intallers
Associated Sales Analyst Co
Macy’s
Gimbél's
Grand Unkin
Korvette
Zayre’s
Cash Register
National Cash Register Co
Dayton
Ohio
Fridew
Singer Co
Otivelli-Underwood
Pitney-Bowes
SingerFriden
Pitney
The election and the freeze by Virgil Falera
The piece argues Nixon must lead wage and price restraint to curb inflation and unemployment. It contends wage misbehavior fuels higher prices and job losses, placing political risk on Nixon while Democrats should align with restraint despite unpopularity. It notes business price setting and public misperceptions, with industrial plans by Wilson Sinclair to expand plants in Boston and Logan.
MENTIONED IN THIS ARTICLE
Virgil Falera
Nixon
Wee
Wilson-Sinclair Co. Teal Packers
Boston
Wilson Sinclair
Logan
Computer helps artist Vietor frames new sculpture
Norfolk artist Vietor Pat eyes his latest work produced by a computer in four minutes. A programed formula cut a huge metal net at Newport News shipyards turning out 1,000 replicas. Virginia’s Division of Industrial Development presented them to executives of leading corporations as reminders of the state’s artistry technology and industry.
MENTIONED IN THIS ARTICLE
Norfolk
Vietor Pat
Ticketh
Tenneco Inc
Newport’ News
Virginia
Division of Industrial Development
America
Mutual funds and institutions reshape the market
Institutional investors led by mutual funds and pension funds boosted trading activity in the first half, with record turnover and large block trades. Net stock purchases were strong, yet the Dow peaked in April and analysts foresee a lengthy consolidation as investment rates adjust and resources shift toward housing and other areas.
MENTIONED IN THIS ARTICLE
Charles J. Elia
New York Stock Exchange
Pension
Smilen Sation, Inc
Smilen Safian
Ube
Nixon boosts stocks as economy outlook pleases crowd
In New York 5900 at the Motor City Economic Club heard Nixon urge buying stocks amid optimism about the American economy. Wall Street focused on Phase Two of wage and price controls to curb inflation, with markets ending mixed as Dow and broad indices moved and volume rose but fell short of year highs.
MENTIONED IN THIS ARTICLE
Nixon
Howard Luxenberg
New York
Dent Tien
Knerford
Motor City
America
Wall Street
Eererary
Public Relations and Unionization In Modern Business
A reader asks for the name of the fief that handles Volkswagen PR in North America and for other large accounts. The answer cites the PR Blue Book listing Volkswagen of America with Ket chum, Macleod and Grove, and notes Olivetti Underwood, Scott, and West Trahouse Electric as clients. For a small firm facing union activity, unions target small employers. advisory sources include Management Faces Unionization and Blueprint for Professional Service Corporations.
MENTIONED IN THIS ARTICLE
Volkswagen
Canada
Mexico
United States
Volkswagen of America, Inc
Ana
Ketcham, Macleod and Grove, Inc
Olivetti Underwood Corporation
Scott Company
West Trahouse Electric Corporation
Also Mentioned on This Page
NCR
Manhattan
World Trade Center
Manhattans
Lower West
Sids
Omark
KSM Welding Systems
Moorestown
N.J
Karl Koch Erecting Co
East River
Manhattan Bridge
John “Son
Épi- Nixon
Johnson
Atx
South Amer
Icat
the Argus
Fremont
Newark
California
Institutional
Stan- Gree Bee Cook
Dow Jones Industrial Agseer Fe
Deer BQ
Becal Vnion
WLRB
Electrongn
Hugh P. Husband
Wil- Maen J. Burke
Dun & Br