Word: pretax
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Dates: during 1970-1979
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...expanded that list by adding such innovators as Janis Joplin, Laura Nyro, Santana, and Blood, Sweat and Tears. Rock moved from 15% of Columbia's volume in early 1967 to more than 50% now. Last year Columbia's domestic division had sales of about $200 million, and pretax profits almost doubled, to $25 million...
...heart of the dispute are Pergamon's profits. Under the accounting formula used by Maxwell, Pergamon had 1968 pretax profits of $5.04 million. But a special audit by Price Waterhouse, published two weeks ago, placed 1968 profits at only $1.2 million and Pergamon's year-end assets at $10.8 million rather than the $16.9 million originally reported...
...year were set by many faded glamour stocks, including American Hospital Supply, Avon Products, Walt Disney Productions, Iowa Beef, National Cash Register, Telex, Texas Instruments and Xerox. At week's end the Government reported signs that the economy was picking up: industrial production and personal income climbed in July, pretax corporate profits barely declined at all in the second quarter and laggard statistics showed that the gross national product rose a bit more than had been calculated earlier. The Dow-Jones average reacted by registering a feeble 31-point gain on Friday...
...fold, and has no desire to acquire large corporations. It owns 110 medium-sized companies in seven fields as disparate as health clubs, plastics, mobile homes, hosiery, industrial equipment, construction and real estate. Since no single member company provides more than 4% of USI's sales or pretax profits, it can weather a downturn better than most competitors...
...annual rate of 3% in the first quarter, not 1.6% as first reported; the drop was the largest since late 1960, a recognized recession period. A particular depressant to the stock market: corporate profits have gone down more sharply than Wall Street expected. In the first quarter, pretax profits shrank to an annual rate of $85 billion, more than $10 billion below the record pace of early...