Word: earners
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...snapped back by funneling cash from these sales into profitable projects. Dart established Riker Laboratories to manufacture ethical drugs; it now brings 15% of Rexall's profits. He invested heavily in the manufacturing division, now another 15% earner that turns out almost 4,000 different kinds of Rexall cosmetics, vitamins and patent medicines, including 77 billion tablets a year at its St. Louis plant alone. He buttressed the company's Rexall Division, which distributes 5,000 Rexall trademarked products, earns half of Rexall's profits...
...brighter side, most consumer and service industries were booming. The world's biggest money earner. American Telephone & Telegraph, which installed 450,000 new phones in the quarter (down from 775,000 a year ago), reported profits of $2.76 a share (up from $2.63 a year ago). International Business Machines rang up record sales, and its quarterly profits soared to $1.98 a share from $1.78 for 1957's first quarter, when there were fewer shares outstanding. Revlon's earnings edged up slightly to a new record. Fast-moving Polaroid's net jumped to 31?, up from...
...giants of U.S. industry rolled out their 1957 earnings reports last week, there were some surprises. American Telephone & Telegraph Co. bopped General Motors Corp. as the nation's No. i earner -$852.9 million to $843.6 million-the first time in eleven years that G.M. has been dethroned. And some of the biggest companies showed earnings gains for the fourth quarter, despite the recession. > General Motors' yearly profits dipped to $2.99 a share v. $3.02 in 1956, but fourth-quarter earnings rose...
...outline what he called a bold program to bolster "confidence and prosperity." He cut 100,000 taxpayers from the rolls entirely, gave his most substantial reductions to the 70% of Canadians whose taxable incomes are $2,000 a year or less; e.g., a $5,000-a-year wage earner with two children will save $64. Even though the Tories had earlier poured $150 million into higher old-age pensions and pay boosts for the armed forces and civil service, Fleming still came out in the black (predicted surplus: $80 million). For this he could thank the ousted Liberal regime; fearful...
...spectacular as it is, the tourist boom is just a part-the smaller part-of the statewide business buildup. This year Florida manufacturing will outshine Florida tourism as the No. 1 dollar earner by an estimated $1.5 billion to $1.3 billion. Between the two, Florida's investment in new construction will top $1 billion, the sixth straight yearly record. In the past two years, more than 1,000 manufacturers have built new plants or made major expansions, boosting Florida's manufacturing payroll by 8% v. the national gain...