Word: nettings
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Dates: during 1950-1959
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...industry's billion-dollar sales league (TIME, May 7) has included no rubber company. Last week Goodyear Tire & Rubber Co. qualified on the basis of its first-half sales of $544,642,341, the biggest in its history. Goodyear also chalked up an alltime record net of $20,685,820 after taxes, a gain of 73% over IO'S first half...
...staff correspondents and 32,400 stringers is available to TIME writers. (On this map a circle means that A.P. or U.P., often both have a bureau in the city indicated.) In addition to supplying added facts for many stories A.P. and U.P. are a sort of fire-warning net which, geared to newspaper and radio staffs around the world, spots fast-breaking news. In any one week only a small percentage of these men work for TIME, but without their help the magazine's coverage would not be what...
...work, the old Anglo-Iranian Oil Co. would disappear; all the company's property in Iran would be transferred to the government-owned National Iranian Oil Co. A new purchasing organization set up by the British would buy the oil from National Iranian, market it, divide the net profits 50-50 with the Iranians. The purchasing organization and National Iranian would jointly create a third outfit to handle the technical end-drilling, pumping, refining, loading. The Iranians would nominally be in charge of the third company; actually, the British would manage...
...mostly by instinct and experience. Says he: "You just know, somehow, how to play each guy ... I don't have to think. With Larsen, I just try to overpower him. Flam, I play his forehand. With Sedgman, you have to keep the ball deep, he comes to the net so much. He and Larsen are the quickest. With McGregor, you just can't let him volley. Patty doesn't let you play good-looking tennis. Flam hits those looper balls. Before the war, they played more complete tennis. Schroeder and Kramer played all-court games...
...good news about one of his biggest enterprises: Philippine Air Lines, which he runs as junior partner (28% owner) with the government (52%). Deep in the red two years ago, P.A.L. broke into the black last year with a $350,000 profit, this year chalked up a first-half net of $636,000, 33 times as much as in the same 1950 period. Next to giant Pan Am, it is now the most profitable international airline in the world. It has 43 planes, routes from Manila over two-thirds of the globe to the Far East, Spain, England...