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Newspaper
Bennington Banner
Location
Bennington, Vermont, United States of America
Date
Jul 27, 1962
Page
5
The article notes June industrial production at 117.8 percent of the 1957 average, with midyear profits about 20 percent higher than last year. It cites slack in inventories, weak new business formations, and construction spend, while GNP for April–June runs at $552 billion, below the $570 billion 1962 goal.
Hollywood agents race to acquire the 1400 client roster as MCA faces an antitrust suit and possible breakup. Major stars named include Marlon Brando James Stewart Kirk Douglas Ingrid Bergman and more as new agencies form to cherry pick top clients.
Darryl F. Zanuck begins his first full day as president of financially ailing 20th Century Fox Film Corp. He vows sweeping reforms to restore profits. Zanuck, 59, succeeds Spyros Skouras who resigned after years of stockholder criticism and mounting losses.
The cost of living index advanced eight tenths of one percent since January, with four of six months at new highs and a year-over-year increase of 1.2 percent. Labor Department analyst Robert J. Myers noted cloudy July trends but a small further rise likely, citing higher restaurant costs especially in tourist cities. Average factory worker earnings reached a June high, with after-tax family of four income at 85.91 weekly, up from 85.73 in May, supported by longer hours.
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