Word: pretax
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Dates: during 2000-2009
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...pocket expenses. Last month the agency ruled that flexible-spending accounts, or FSAs, can be used to pay for over-the-counter drugs like cough syrup and pain relievers, in addition to long-accepted items like copayments, prescriptions and glasses. FSAs let people contribute and spend pretax dollars. Any unused money in the account at year's end reverts to the employer, but the number of spending options is growing. Most companies will change plan rules for 2004 and allow folks to load up on everything from antacids to bandages, says Jon Kessler, CEO of benefits administrator WageWorks...
...defunct digital-TV firm OnDigital, and from cable firms ntl and Telewest. Under his tenure, the company embarked on a risky $3 billion conversion to all-digital technology, to offer more channels and support interactive services. The plan seems to have paid off: in August BSkyB reported a pretax profit of $418 million on sales of $5.13 billion in the year ended June 30. Financial success, however, doesn't necessarily mean consensus, and analysts have been probing for an explanation for Ball's rumored departure. One theory is that Ball wanted to pay a dividend on BSkyB stock, rewarding shareholders...
...Rough Landings Turbulent times at British Airways; the airline landed itself with a jumbo first-quarter pretax loss of 364 million. This after BA revealed a wildcat strike by staff last month could set the company back a further €57 million...
...Viewers like the service, paying between $3.50 and $7 per film. The studios get 50% to 60% of that, but the remainder adds to FastWeb's impressive annual revenue per user of $845. That's more than twice the $385 per user at Telecom Italia. The company forecasts a pretax loss of around $300 million for 2003, but Scaglia expects to break even in 2005. He's proving that it can pay to be a technology maverick--even in the post-dotcom era. --By Mark Halper
...disasters never happened. "We knew we'd survive," says Dhamija, e-bookers' founder and CEO. "The question was whether we would become No. 1 or No. 2." Today e-bookers is Europe's largest Internet travel agency and the first (as of May) to turn a pretax profit. It was also the London Stock Exchange's second-brightest star last year, with share prices...