Word: pretax
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Dates: during 1990-1999
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...while some people have lost their jobs, Wall Street has become richer. Thanks to record sales of everything from derivatives to new stock and bond issues to merger financing, the pretax profits of U.S. brokers and investment banks zoomed to an unprecedented $8.9 billion last year. "I see no reason why 1994 won't be better than 1993," exults Sanford Weil, chairman of Travelers Cos., which owns Smith Barney Shearson. "We're having a great time...
...partners of the prestigious Wall Street firm Goldman, Sachs & Co. work long, hard hours, provide a useful economic function and give generously to charities. They also make a breathtaking amount of money: $2.7 billion in pretax income last year, a number that nearly matched the 1992 gross national product of Uganda...
...Billboard's pop and R.-and-B. charts in the No. 1 slots, the first time a rap album debuted at the top of both charts. From a bare-bones crew of three operating out of a tiny Hollywood office, Priority has grown into a $53 million enterprise with pretax profit margins...
...largest computer company plans to shed more unprofitable and ill- fitting businesses in 1993 and slash its work force 8%, or 25,000 employees. The latest round of reductions will include the first involuntary layoffs in the company's 78-year history and will result in a $6 billion pretax charge for the fourth quarter...
...said a loss in sales (down $3.3 million to $56.9 million) and the resulting drop in company profits were the primary causes of the rebate cutback. Funds for the rebate come from pretax profits, which were down more than 80 percent, from $2.6 million...