Word: loss
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Dates: during 1970-1979
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Nowhere are those sensitivities more acute at present than in Israel. Once again, the "special relationship" between Washington and Jerusalem is in some trouble. The U.S. has strongly deplored Israeli air and artillery attacks against Palestinian guerrilla positions in Lebanon, not only because of the loss of civilian ives, but also for fear that the raids could ead to war with Syria. Last week an Israeli army force crossed into Lebanon for the first time since May, killing two guerrillas. The U.S. regards Jewish settlements in the occupied territories of the Gaza Strip and the West Bank as illegal...
...spewing from an exploratory well, about 57 miles off the Yucat án Peninsula, that blew out June 3 when a hot undersea drill hit a volatile pocket of oil and gas. The explosion and ensuing fire all but destroyed the rig. By last week estimates of the total loss ranged from just over 1 million bbl. to as much as 1.5 million bbl. That is much more than the previous record loss caused by the fabled Ekofisk blowout in the Norwegian North Sea in 1977, when an estimated 140,000 bbl. escaped before the well was capped after nine...
...largest industrial company is like an old gas guzzler hurtling along the dangerous edge of a cliff, and in this difficult year the road is trickier than usual. Chrysler Corp., long plagued by uncompetitive products and a lack of cash, is expected to follow its first quarter $53.8 million loss with a second quarter deficit that could come close to $200 million. The company may end the year with a loss of more than $400 million, double last year's $204.6 million deficit. Chairman John Riccardo has made a dozen trips to Washington since mid-1978 to plead...
...requests was for a unique dispensation from the tax code's complex "loss carry-back and carry-forward" provisions to permit Chrysler's net operating losses to be applied now against future profits. Result: Chrysler would get a refund from the Treasury equal to the amount of taxes it would have paid if it had had profits instead of losses...
...could collect as much as $186 million. That is the amount it might have had to pay on a $400 million profit, assuming the usual 46% corporate tax rate. If Chrysler makes money again, it would not be able to offset those earnings with this year's loss, and the Treasury would start to get its money back from Chrysler's higher taxes. A dispensation from the loss carry-forward provisions stands a fair chance in Congress...