Time Clock, Dec. 1, 1958

AMERICAN MOTORS' earnings exceed even most optimistic estimates. Per share earnings for fiscal 1958 (which ended Sept. 30) jumped to $4.40 a share, v. last year's loss of $2.12. Profits climbed to $26 million (of which almost $12 million was made in July-September quarter), v. last year's deficit of $11,833,200.

REVLON-SCHICK MERGER is close. Schick Boss Kenneth C. Gifford quit; he and members of Schick family sold controlling block of about 242,000 shares (market value: almost $4,000,000) to Revlon. Onto

Schick's seven-man board will go four Revlon directors.

CHEAP NUCLEAR POWER is goal of 54...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

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