Word: offsets
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...says it has passed the break-even point on SX-70 manufacturing costs and that the brisk retail pace of the SX-70 lately accounted for much of a first-quarter sales rise of 8% to $147 million. Still, earnings on SX-70 sales were not great enough to offset a sales decline in Polaroid's older and profitable Colorpack line; first-quarter earnings dipped to $10 million from $11 million a year earlier...
Leone's record helped offset Crimson high-jumper Mel Embree's failure to score last week at the NCAA championship finals in Houston, Tex. Embree cleared 7 ft.. but so did 14 other jumpers...
...property the Japanese lost as a result of internment was estimated in 1942 to be worth $400 million. By the mid-'50s, the U.S. Government had repaid the propertied families or their descendants $38.5 million. Nothing has been paid to offset the wages, income and interest the prisoners lost during the war. In 1967 the U.S. Supreme Court ruled that $10 million more was owed to 4,100 Japanese Americans whose dollar savings had been confiscated. Says one former resident in summation of the bitter heritage: "Inside me lies a ball of anger-a reserve of something...
...frugal public spending. Trouble is, the tight money situation in West Germany affects Giscard's hopes for an expanding French economy because it means a shrinking German market for French goods, as well as a more aggressive effort by West German industries to export goods in order to offset slack sales at home...
...report drew accusations from Wall Street oil analysts quoted by the Associated Press that Exxon had understated its profits by $400 million, and that the true increase was 118%. The money, said the analysts, is being salted away in a reserve fund that would be used to help offset expected losses this year resulting from higher U.S. taxes on the oil industry and from the higher prices that Middle Eastern countries are expected to charge Exxon for crude under revised participation agreements. Both are reasonable expectations, but neither is yet certain. Exxon Chairman J.K. Jamieson confirmed that the company...