Word: profit
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Dates: during 1980-1989
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...nearly $6 billion since 1979 and laid off roughly 250,000 workers, may be poised, at last, for a rebound. Says General Motors Vice Chairman Howard Kehrl: "The market seems to have strength again." Chrysler Chairman Lee lacocca believes his slimmed-down company may be able to turn a profit of close to $100 million in the April-June quarter, compared with an operating loss of $89 million in the first three months of the year...
...warning of the company's plight came in February, when American Airlines, bleeding from a deep 1981 fourth quarter net loss of $20.3 million, canceled its plans to buy 15 Boeing 757 planes, an order worth about $600 million. Although American earned a profit for the year of $47 million, that was still not enough to begin buying new planes...
...years, Harvard has been portrayed in Cambridge political circles as a hypocritical grant that takes far more from city residents than it gives to the community. In debates over institutional expansion into city neighborhoods, the failure of Cambridge's non profit private universities to provide ample in lieu of tax payments, and the need for private assistance to the Cambridge public schools. Harvard has consistently been cited as a major villain. The contradictions between the words of Harvard officials and their actions have been all too readily apparent...
...Pont operates Savannah River, near Aiken, S C., on a non-profit basis for the government. Built by the chemicals giant in 1950 at the behest of the DOE's ancestor, the Atomic Energy Commission, the plant produces plutonium and tritium for nuclear weapons production. Harvard owns almost $5 million of Du Pont stock...
Western Electric, a subsidiary of AT&T, runs Sandia, which is one of the oldest facilities in the government's nuclear arms program. Built in 1945 as part of the Manhattan Project and operated by the University of California, the labs have been managed on a non-profit basis by the Bell System since 1949. Harvard owns about $20 million in AT&T stock...