Word: nets
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...shell-shaped nightclub set by surf's edge. La Concha is aimed to please the crowd bored with Miami and scared of going to Havana because of the Cuban rebellion. The Puerto Rican government built the hotel for $6,000,000. leased it for two-thirds of the net to Associated Federal Hotels, a Southwestern chain (Phoenix's Westward Ho, San Antonio's Gunter), which spent another $1,200,000 on furnishings. (A similar deal for San Juan's Caribe Hilton, which has been a consistent moneymaker, will net the government about $1,500,000 this...
Losses & Jets. Any settlement may take some time, since T.W.A., owned 78.2% by California's fabulous Howard Hughes, is in the worst financial shape of any major U.S. airline. On last year's balance sheet, the accountants listed a net loss of $1,600,000, despite a 9.7% jump in revenues to a record $263.7 million. For the first nine months this year, the loss is $1,800,000, although other major lines are well in the black. More important, T.W.A. has borrowed so heavily from banks and insurance companies that it has rigid restrictions...
...farm, the outlook was not so good. The Agriculture Department predicted last week that net farm income in 1959 may drop 5% to 10% below 1958, after a year of the highest farm profits in five years (see chart). Hog and poultry prices are expected to decline, and crop prices will be lower as a result of this year's record crop and surpluses. Next year's crop may be equally large, or larger, partly because the Government will scrap soil-bank payments to farmers for underplanting their acres, thus depriving them of $700 million in payments made...
...When the travel boom did arrive, American was in better shape than any other line to meet it. Like any good gambler, Smith decided to cut his losses on American Overseas by selling it to Pan American for $10.7 million. In 1949 American broke through the dark clouds with net earnings of more than $7,000,000. Thus encouraged, C.R. took a squint into the future and decided to expand again. He placed the first order for 25 of Douglas' big, fast DC-7s, which he got for some $700,000 less than later buyers, used them to begin...
...plowing back money into research. Elox has grown from a back-alley business with sales of $194,563 in 1951 to a gross of $2,260,000 last year and earnings of $158,874. With a 90-day backlog of orders, the company expects to boost both gross and net in its current fiscal year...