Word: nettings
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Dates: during 1950-1959
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...Council thus pulls out of Ivy Cinema with a net profit for the year of approximately $100, even though three of the last four films have lost money. This continuing loss of money reportedly brought about the U.N. Council's decision to resign from the partnership last week...
...test Russian intentions, and now declined to recognize the findings of Berlin. In a speech to the House of Commons (see FOREIGN NEWS), Churchill urged a twin-pronged policy of defense and continued negotiations, and drew heaviest applause from the growing bloc of Laborites who oppose EDC. "The net effect of his speech," reported a TIME correspondent, "was to encourage all those who can think of reasons for not taking a definitive and courageous decision in favor of arming West Germany...
...month. G.E., which was 661 only eleven months ago, hit 100⅜, up 3⅞ on the news. It advanced another 3½ at the opening this week. The company reported sales at a record $3.1 billion for 1953, up 19% over its 1952 gross of $2.6 billion, and net profit up 9% to $5.75 a common share. The split would give G.E. 86,537,781 shares, second in outstanding stock only to General Motors Corp., with...
...write Israel's oil legislation. The bill permits foreign private oil companies to drill in Turkey under 50-year leases, pay the Turkish government only a modest royalty on the oil and gas produced, until they recoup their investment. After that, the company and the government split the net profits. An important feature: instead of granting a nationwide concession to a single company or syndicate, the bill guarantees competition by keeping the door open to newcomers, and by limiting the area of each company's leases in any one district...
...Central brought White in as president in August 1952 to replace hard-working Gustav Metzman, who had brought the road back from a 1946 deficit of $10.4 million to a net of $14.7 million in 1951. Metzman also had a $140 million-a-year rehabilitation program under way. White decided to cut the capital program, concentrate on improving the mainline roadbed. He trimmed out layers of top management and shut down some non-paying passenger lines. Last year net income hit $34 million, highest in nine years. Dividends of $1 a share were paid, and another 50? was declared this...