Word: nettings
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Dates: during 1950-1959
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...which is a record high. But labor refused to have the price hike laid at its door. Said United Steelworkers' President David J. McDonald: "Even without raising prices and without obtaining greatest output per man-hour, the corporation is in a position to increase its net profit from $348.1 million in 1956 to $437 million in 1957." The steel industry, charged Dave McDonald, is trying to make the union a "scapegoat" for the "irresponsibility of pricing policies which have contributed to the rising trend of prices for more than a decade...
...income and the total value of the gift (since reserves are also being depleted) from their taxes. This "double deduction'' enables a Texas oilman with a taxable income of $100,000 to give away $30,000 annually while keeping $43,900 of his income after taxes. His net income if he gave nothing away: only...
...Peking; Norway followed suit and so, probably, will others (see FOREIGN NEWS). The argument, as the British put it, was that it was "a vexatious anomaly" that Britain could not sell to Communist China what it could sell to Communist Russia, and that such inequity should be corrected. The net effect was that Britain would soon start shipping trucks, tractors, locomotives, small generators and about 200 other items direct to Red China, thereby helping to build up Mao Tse-tung's hardware-hungry state...
Because U.S. Borax's expansion will not hit its full stride before the company's fiscal year ends in September, President Gerstley foresees earnings for this year "about the same" as last year's $1.47 a share-a healthy 13.5% on its net sales. But he expects to step them up in the future, has set up a $1,000,000 research center to discover more uses for boron. To make sure that he can provide the borax, he planned the present expansion so that production can easily be stepped up another 25% to 50% for only...
...HIGHWAY PROGRAM will probably be expanded by Congress this session to meet states' requests for 13,500 additional miles of road financed 90% by Federal Government. Senate subcommittee voted to boost planned 41,000-mile highway net to 48,000 miles add $15.4 billion to cost, delay completion from...