Word: ince
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Dates: during 1970-1979
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Finance, Baker Oil Tools, Inc...
Some other surveys point to a similar, though much less dramatic bottoming-out of the profits decline. Working from such data as sales volume and the percentage of industrial capacity in use, rather than from a sampling of corporation reports to stockholders, Data Resources Inc.'s president Otto Eckstein estimates that second-quarter after-tax earnings of all U.S. companies rose 3.4% above the first three months. Standard & Poor's Corp. calculates a modest 3.7% decline. Still, S. & P. Economist Richard Scruggs believes the second quarter probably marked "the end of the drop" in corporate earnings...
...United Brands and Northrop, had previously admitted to making similar payoffs. The SEC's policy has been to require corporations in such cases to reveal who got their political payments and to agree not to make any more. Some have complied, others are resisting. Last week Ashland Oil Inc. argued that securities laws do not require public disclosure of the recipients of questionable payments that the company says it has made in Nigeria, Gabon, Libya and the Dominican Republic. Ashland has already supplied the names...
...received a near lethal blow in 1971 when Britain's Rolls-Royce, maker of the jet engines for the company's civilian L-1011 TriStar, went bankrupt, and Lockheed eventually lost $300 million, due in part to canceled orders. A recent rescue operation, under which Textron Inc. would have provided $100 million in new cash in exchange for a 46.8% interest in Lockheed, fell through in February. Lockheed two weeks ago announced that its profits for the first half of 1975 nearly doubled from a year earlier, to $24.7 million, but this is based partly on cost calculations...
...Playboy magazine has run a full-page house ad asking the slightly rhetorical question: "What Sort of Man Reads Playboy!" The answer assures advertisers that the Playboy reader, in his quest for the good life, spares no expense. In a way, the same has been true of Playboy Enterprises, Inc., the haphazard corporate empire spawned by the magazine that Hugh M. Hefner founded with several hundred borrowed dollars in 1953. Over the years, PEI has spent millions to give substance to Hefner's sensate fantasies; today Playboy Enterprises include hotels, clubs, movie, record and book publishing businesses...