Word: net
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Dates: during 1960-1969
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...seismographic network to detect Russian atomic explosions when and if they came. But AEC's idealistic first chairman, David Lilienthal, decided it was not needed. Finally, aroused by Strauss, the Pentagon picked up the tab, got AEC to furnish the technical knowledge to set up a rudimentary net...
...involved several ironies. Among the customers allegedly injured were General Electric, Westinghouse and Allis-Chalmers, all of which were fined in 1961 for similar antitrust violations in rigging prices of electrical equipment. For the forging makers, the crimes (if crimes were committed) did not pay: Erie Forge suffered a net loss over the past three years, and U.S. Steel reported that during the past five years it has failed to make any profit on forgings. And considering that the steel companies were widely charged with inept timing in their abortive attempt to raise prices, it seemed ironical, too, that...
AUTOS. With first-quarter auto sales the highest since 1956, Detroit set up a happy babble. Loudest voice in the chorus was that of General Motors, which reported a record first-quarter net of $374 million -up a whopping 99% from last year. Also at an alltime high: G.M.'s 55% share of the domestic auto market...
AEROSPACE. Increased defense spending and the stepped-up U.S. space program boosted earnings generally. North American Aviation, prime contractor on the Apollo mooncraft, increased its net 20% to $8.600.000. Long-suffering General Dynamics showed a gain of 157% to $10.7 million-largely because of tax credits resulting from its previous massive losses building commercial jet transports...
TRANSPORTATION. Increased freight traffic sent the Great Northern's first-quarter net leaping from $168,000 in 1961 to $1,900,000 this year, and enabled the sprawling Pennsylvania to cut its deficit to $1,400,000 from 1961's $13 million...