Word: profit
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Dates: during 1980-1989
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Still, experts wonder how long no-frills operators can enjoy such a smooth journey. As new companies enter the market and established chains expand, there is the growing risk of a glut. "Profit potential now is high, but success breeds excess," says Daniel Daniele, an analyst at Laventhol & Horwath, an accounting firm specializing in the lodging industry. Daniele predicts an industry shake-out in the next two to five years, but that is a distant prospect. This summer travelers tooling down interstate highways are sure to find plenty of bargain motels...
SINCE THE HIJACKING of TWA flight 847 first flashed across American television screens, a chorus of critics have charged the media with complicity in terror. Blinded by prestige, profit, and their own power, U.S. journalists allowed themselves to be exploited by murderers and extortionists, the charge reads...
...enough money to buy a restaurant. "The building was really broken down and dirty," Simoes says, "but my wife and I rebuilt the whole thing and put in a private dining room and a barbecue in the back." After seven years, he sold the place for a $185,000 profit and returned to Lisbon to set himself and his brother up in business and live like a lord. But Simtoes was miserable. "All business in Portugal now is bad," he says, "and the kids are a headache, always wanting to go back to the U.S." Next week the family...
...Manhattan-based paper, approximately what Press Baron Rupert Murdoch had been asking. Murdoch, who acquired the Voice, New York magazine and New West in 1977 for $16 million, decided to sell the 30-year-old weekly two months ago. The paper (circ. 150,000) made about $5 million profit before taxes last year...
...fares have generated. U.S. carriers reported a healthy 15% gain in traffic during the first quarter of this year vs. the same period a year ago. Those increases have given at least a temporary respite to ailing firms. Republic, after losing $222 million between 1980 and 1983, posted a profit of $29.5 million...