First Quarter Earnings Rise At Major Firms
AP News report details first quarter earnings for RCA Chrysler Westinghouse IBM and DuPont. RCA swung to 343 million with 44 cents a share from 17 million 21 cents. Chrysler turned to 72 million profit after a 941 million loss. Westinghouse up 43 percent to 472 million. IBM up 25 percent in net income with 5.4 per share. DuPont expected to near 200 a share from 39 cents.
MENTIONED IN THIS ARTICLE
Mary Campbell
NEW York (Ap
RCA Corps
Arthur L Conrad
Conrad
Chrysler Corp
Chrysler
Wall Street
Westinghouse Electric Corp
Power Systems Corp
Westinghouses
International Business Machines Corp
Ibms
du Pont Co
Natural Resources Factor In Mergers
Big mergers are driven by access to natural resources and future profits. GE Utah International could gain dominance in energy if allowed. ARCO’s 162 million purchase of Anaconda expands copper assets and tax benefits. Copper markets watch regulatory and geopolitical moves shaping prices amid talks of OPEC style price restraint.
MENTIONED IN THIS ARTICLE
New York
Justice Dept
General Electric
Utah International
Atlantic Richfield Ou Co
Anaconda Co
ARCO
Anacondas
Organization of Petroleum Exporting
OPEC
Angola
Rhodesia
South Africa
Geneva
Rug sale offers first quality rugs at 30 to 60 off
Local ad promotes first quality rugs with large discounts. Listings show size and description details for buyers to choose from, urging quick purchase as stock is cleared.
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