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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...

Author: /time Magazine | Title: CORPORATIONS: Wonder Boy Makes Good | 8/18/1958 | See Source »

...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...

Author: /time Magazine | Title: EARNINGS: Down, but . . . | 4/21/1958 | See Source »

...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...

Author: /time Magazine | Title: EARNINGS: New Champion | 3/3/1958 | See Source »

...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...

Author: /time Magazine | Title: CANADA: Tax Cuts | 12/16/1957 | See Source »

...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...

Author: /time Magazine | Title: INDUSTRY: Florida Flowers | 12/9/1957 | See Source »

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