Word: million
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Dates: during 1940-1949
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...indicate position in the sky). Both stars are red and much cooler than the sun, which gives out 40,000 times as much light as one unit, 60,000 times as much as the other. The twins revolve around each other every 20 to 25 years, keeping about 275 million miles apart...
...early this week, there had been no recession; they turned in earnings that were even higher than in 1948's fat first quarter. A notable example was Republic Steel, first of the big steel companies to report. It had a 60% jump in its net profit, from $9.1 million to $15.2 million. Another example was General Electric Co. Despite a slump in the sale of appliances and an industrywide wave of price-cutting, G.E. boosted its first-quarter net to $26.7 million (up $1.3 million...
...light of this, G.E. had no intention of pulling in its horns. To show stockholders at the annual meeting in Schenectady how the company was expanding, President Charles E. Wilson took them on a tour through G.E.'s new $30 million turbine plant, the world's biggest, showed off some of the products...
...competitors had not done so well. Westinghouse's net dropped $2.2 million to $10,866,921. Apex Electrical Mfg. Co. slipped from a $493,836 net into a $381,261 deficit, and other appliance makers felt that the worst was still to come...
Pleasant Thoughts. International Business Machines Corp.'s spry old President Thomas J. Watson, whose favorite motto is "Think!", gave his stockholders something pleasant to think about: a 16% gain in profits, to $7.8 million. Caterpillar Tractor Co., cashing in on long-deferred roadbuilding, bulldozed its own net from $2.9 million to $4.7 million-a gain...