EARNINGS for third quarter are even better than expected. Of the first 100 companies reporting, nearly half said earnings climbed 5% to 50% above 1953's third quarter; seven blue chips (i.e., G.E., Du Pont, RCA, Texas Co., I.B.M., Continental Can, U.S. Gypsum) broke their all-time records for nine-month profits.
STOCK PURCHASE PLANS for employees are matters for collective bargaining, if the company itself contributes toward the purchase. In so ruling in a case involving Richfield Oil, the National Labor Relations Board significantly broadened the meaning of "wages [and] other conditions" in the Taft-Hartley...
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