Word: nets
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Dates: during 1940-1949
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...other quarter, '46 star Mail Moley vanquished Varsity player Hugh Hyde, who is running cross country this fall, by the scores of 6-2, 6-2. Moley attacked Hyde's back-hand and rushed the net with success, but when Hyde tried the same tactics he missed too many shots to make it profitable...
...than $25,000 incomes) was hammered down to 45% in the House, down to the Senate's 40% in the final draft. Excess-profits tax rates soar up to 90% but the conference adopted the Senate proposal providing that no more than 80% of any company's net income shall be taken by taxes. For companies with low pre-war earnings and extra-fat current profits this means a real saving over the top 1942 rates. Furthermore, companies who figure their excess-profits tax exemption on average earnings in 1936-39 are given relief if one very...
...bill also provides that corporations: 1) may carry back net losses and unused excess-profits tax credits for two years (thus some corporations will be entitled to rebates); 2) may buy back bonds below par without paying taxes on the paper profits; 3) can be sure that war contracts when renegotiated once shall not be reopened again; 4) will not have to pay an extra $750,000,000 annually in Social Security levies as urged by the Treasury, which wanted them upped to 2% from the present...
...With only minor changes it approved the New York, New Haven & Hartford reorganization plan, slashing capitalization from $475,000,000 to $365,000,000. The drastic part of this decision was that the reorganization completely wipes out the old stockholders, although in the first eight months of this year net profits totaled $11,350,000 -$5.77 a common share...
...year the Army ran into bad luck in the second game of the season. Riding high after knocking off a competent Syracuse aggregation, the men in blue were given a beating by Princeton last week, 3-0. But even in this setback, the play of the Cadets was superior. Net-minder Crain was singled out for especial praise by the scribes, and the Varsity can thus expect no easy moments around the enemy goal...