Firms post record profits in second quarter of 1906
AP reports that major U S firms show record profits for the April-June quarter and six months ending May 31 with large dividends. Companies named include Du Pont IBM General Foods Reynolds Metals Xerox Polaroid U S Rubber Westinghouse Allis Chalmers Kaiser RCA Continental Can Georgia-Pacific Meade Corp and American Telephone & Telegraph.
MENTIONED IN THIS ARTICLE
Sam Dawson
AP Business News
NEW York (Ap
du Pont
IBM
General Foods
Reynolds Metals
Xerox
Polaroid
U.S. Rubber
Westinghouse Electric
Allis Chalmers
Kaiser Aluminum
RCA
Continental Can
Georgia
General Motors
Pacific
Mead Corp
Jersey Standard Oi
American
Telephone & Telegraph
Ba Et Cee
Keay Baytown Clean
Housing Starts Plunge to Five-Year Low in June
Government data show privately owned housing starts fell to the lowest rate since May 1961 with June activity at about 1,235,000 units seasonally adjusted annual rate. The Bureau reports this marks the third straight month of declines, signaling a mild recession in housing demand.
MENTIONED IN THIS ARTICLE
Washington (Ap
Cenionits
Isus Bureau
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