Word: nets
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Dates: during 1950-1959
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Record sales pushed up giant General Electric Co. to a net of $113 million (v. $108 million last year) on sales just below $2 billion. Sylvania's sales high of $155 million produced earnings of $3,000,000 Wrapping up other records in the packaging boom, St. Regis Paper Co. earned $12.3 million v. $8.7 million in the first half of 1955. Continental Can Co. had a half-year record net of $14.5 million, up from $10.3 million last year. High retail sales were reflected in store profits. In its first 24 weeks of the year, Safeway Stores...
...Vastly surprised to find himself leading Wimbledon Champion Lew Hoad in the semi-finals of England's Midland Counties tennis championship, a 19-year-old Briton named Michael Davies was moved to try an ingenious bit of gamesmanship; he walked around the net to say that he was defaulting. Prevailed upon to change his mind, Davies went back to whip the startled Aussie, 6-3, 4-6, 6-4. After that Davies had nothing left. In the finals he lost to South Africa's Trevor Fancutt...
...listing on the Big Board of the New York Stock Exchange, a corporation must meet some stiff requirements. The company must prove that it is stable, show net earnings of at least $1,000,000 the preceding year, have at least 1,500 stockholders. But there is a back door to a listing that has been much easier to slip through. Unlisted companies have bought up the corporate shell of a firm listed on the exchange, thus picked up the listing with no trouble. In other cases companies have sold out everything but the listing, then gone into a different...
...Commons and Senate has been studying the question for the past two years, listening to a parade of witnesses that included Canada's official hangman, U.S. and British penologists, physicians, psychiatrists, chemists, lawyers, policemen and assorted humanitarians. Last week the committee made its final report to Parliament. Its net: capital punishment should be kept. Only change recommended: condemned criminals should be executed by electrocution or gas instead of hanging...
...objection: adoption of the annuities might make insurance "a vehicle for avoiding taxes on common stock investments." Funston explained that while individual investors pay capital gains taxes plus 16% to 87% tax on dividend income, insurance companies are exempt from capital gains and pay only an estimated 7.8% on net investment income. This might turn variable annuities into a tax dodge, he said, and "might even spark congressional action to reduce or remove the advantageous tax treatment of all life insurance companies...