Business: High Tide

Before 3,700 stockholders meeting last week in Schenectady, General Electric President Ralph J. Cordiner announced higher sales and higher profits thus far in 1956 than ever before in history. First-quarter sales were $946 million, a climb of 14% from last year's record; earnings rose to $54.9 million for a 5% increase and another peak. Said Cordiner, casting a sharp eye at the overall economy: "Instead of talking about a possible slowing-down, we should be making a vigorous effort to catch up with our long-term opportunities. It now appears that many of the ten-year projections made for the...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!