Word: millions
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Dates: during 1960-1969
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...from Under. Underpinning ABC's optimism was the success of an attempt to raise $50 million cash by offering 25-year convertible debentures to stockholders. By the time the offer expired July 15, it was nearly 100% subscribed. Whether this showing reflected confidence in the company or the hope that Hughes would take over may never be known. "In addition to this infusion of cash," says ABC Vice President James C. Hagerty, "we will have a saving of $53 million on network operations this year. This is the first time we've been out from under...
...annoying as PATCO's tactics were, they were effective. Last week the Senate Finance Committee decided to exempt the FAA from a civil service budget cutback and appropriated $15.75 million in additional funds. That will en able the FAA to staff towers with 2,750 more controllers...
...added up a record-setting quarter, with profits of $213 million, 46% above the same period last year. That brought first-half earnings to $386 million, more than double what the company was clearing in a full year as recently as 1963. Part of the strong surge comes from the fact that the company has increased outright sales (as opposed to leasing) of its computers. Chairman Thomas J. Watson, in a monumental piece of understatement, said "our long-term prospects continue to be very good...
...Chrysler, smallest of the Big Three, has been enjoying the industry's biggest auto-sales increase, and had earnings to match. At a record $84.5 million, its second-quarter earnings were nearly double those of the 1967 quarter. Relatively untroubled by the strikes that hit its bigger rivals, and propelled by hot sales of Plymouth Fury and Dodge Coronet, the company is on the way to its biggest year...
...Pont, the nation's biggest chemical manufacturer, increased its profits over the same period last year by 28% to $96 million. It seemed to be a sign that the company, after three years in the doldrums, is in for some better sailing in the near future...