Word: net
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Dates: during 1960-1969
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More Gross in Congress would give us more net in the Treasury...
...face of it. Hughes's victory seems a Pyrrhic one. For the $5,000,000 that he will pay Atlas, Hughes will get control of an airline that lost $9.4 million last year and currently reports a "net worth deficiency" of $23.4 million. Merely to keep the line alive is certain to cost Hughes many millions more. And by decreeing that transactions between Hughes Tool Co. and Northeast may not exceed $100,000 a year without its specific approval, the CAB seems to have ruled out a lucrative trick that Hughes used to practice with Trans World Airlines: buying...
...since the war. has spent, lent and invested more abroad than it has taken in. Despite a healthy trade surplus, the U.S. has pumped so much into postwar foreign aid and military spending overseas (total: more than $100 billion) that its balance of payments has run a net deficit of $20 billion over the past decade. Fort Knox has onlv $4.7 billion left to go before it breaks through the $11.7 billion floor of gold legally required to back U.S. paper currency and the banking system. Although the Fed can suspend the requirement at will, a drop below that minimum...
Last week, with production running 9% ahead of last year, all signs were that paper's long downhill slide had finally ended. West Virginia Pulp & Paper Co. reported that its net for the three months ending April 30 was up 40% to $2,200,000. Union Bag-Camp Paper Corp. increased its first-quarter earnings 21% to $4,900,000, and most other major paper companies also showed solid gains. Said President William R. Kellett of Kimberly-Clark Corp. (Kleenex, Delsey): "The industry isn't out of the woods yet, but we're beginning to see light...
...million worth of sales in five continents. This week Massey-Ferguson will happily report on its performance for the first half of fiscal 1962. With business up 15%, the company is expected to show sales of about $263 million and profits well above last year's first half net of $6,000,000. The secret of this rejuvenation: a change in corporate philosophy, which has converted Massey-Ferguson into one of the world's handful of genuinely international manufacturing concerns...