Word: net
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Dates: during 1940-1949
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Most spectacular single item in U.S.A.'s report was a $960,000 increase in the international's net worth (bringing it up to $1,775,000). U.S.A. explained it as a "cancellation by the Executive Board of C.I.O. of certain advances," which was accurate enough from C.I.O.'s standpoint, but must have made John L. Lewis grind his teeth...
...most, if not all, of that comfortable sum represented advances from Lewis' United Mine Workers in the days when Lewis and C.I.O. were synonymous-and both eager to organize steel. Lewis and C.I.O. split over the very issue that now swells U.S.A.'s net worth: whether U.M.W.'s advances were repayable loans or gifts for the then-common cause...
...report, showing gross sales of $53,448,000, revealed that net profits on both domestic and foreign business were down from $8,651,000 in 1941 to $7,086,000, a drop that could be explained by higher U.S. taxes. But the significant figure was profits from foreign subsidiaries other than England (mostly in Latin America), which dropped from...
Penn moved smoothly in the first 20 minutes, and picked up a 13-point lead in methodical fashion. With Sophomore Chink Crossin, fleet as a deer, netting 11 points, and a Crimson offense non-existent, the Quakers had little trouble in staying ahead. They controlled all the buckboard play. For Harvard, only Jack Torgan, who couldn't seem to miss, was able to find the net...
...third of them turned it down. Meanwhile Young proposed four MOP directors and saw them elected. Then he convinced potent Massachusetts Investors Trust and some of the smaller insurance companies that his plan was best. Lastly he got the unexpected help of the war boom. MOP's net available for dividends soared from a loss of $9,564,000 in 1940 to a record $30,600,000 in 1942. Meanwhile, the once-rickety road was put in tiptop condition, with a whopping $480,000,000 spent for new equipment, repairs and maintenance...