Word: earning
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Dates: during 2000-2009
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...poor record of conglomerates is well documented. In a study of the merger programs that 58 large firms pursued between 1972 and 1983, McKinsey & Co. concluded that in at least 28 of the cases the acquisitions did not earn enough money for the company to justify the purchase price. In only six instances did the merger program seem to be a clear-cut success. Companies stumbled most frequently when they bought firms in a totally different industry. F.M. Scherer, a Swarthmore College economist who surveyed 6,000 mergers from 1950 to 1977, discovered that the profitability of most acquired companies...
Despite its cut-rate fares, People expects to earn profits because its expenses are unusually low. Its employees are not unionized, and its pilots earn only between $40,000 and $50,000 a year. At American and United, in contrast, pilots take home an average of about $108,000 annually, and at Delta they earn more than $130,000. It costs People 5.17˘ to fly a passenger one mile, which is well below the industry average of 10?...
...nothing did Ted Turner earn the nickname Captain Courageous in his sailing days. As skipper of the yacht Courageous, which won the 1977 America's Cup, he had a knack for snatching victory from sure defeat. In the equally competitive and treacherous world of business, the cable-TV king showed his spunk and resilience once again last week. Just as Turner admitted that his quixotic attempt to take over CBS had capsized, he announced two bold new ventures for the burgeoning Turner Broadcasting System (TBS). The Atlanta-based company (1984 revenues: $282 million) will buy the venerable MGM/UA company...
...disruption was intended to be a demonstration of the fact that the tiny country (pop. 240,000) could not function without its women. Why make that rather obvious point? Because working women in Iceland earn 40% less than men on average, though 80% of working-age women hold jobs. Journalists seeking more data on that shocking wage disparity ran into trouble. "I'm sorry," said a female employee at the Iceland Information Office. "I can't speak to you. I'm on strike...
...people were being held for questioning in the massacre. Two informers who had reportedly accompanied police and survived the ordeal were "contributing information." So far one suspect has been arrested. Brigadier General Jaime Jiménez Muńóz, a Mexican army commander, believes that armed peasants, "desperate to earn money" by growing marijuana, may have done the killing. Indeed, military patrols have reported that entire villages have been abandoned by frightened peasants as soldiers comb the mountains, searching for the culprits. But evidence also indicates that powerful drug traffickers are behind the murders. "We are fighting intensely against drug traffic...