Word: profit
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...hundred people gathered to criticize Harvard for its unwillingness to pay higher payment in-lieu-of taxes to Watertown, saying the University is jeopardizing the city’s ability to fund schools and city services by “hiding” behind its tax-exempt, non-profit status...
...other off-pitch diversions are part of an effort to make his team a complete entertainment package?and justification for raising ticket prices 300%. Another innovation Suwarso has in mind: season tickets. Amazingly, that would be a first in the National League. "No team has ever made a profit in Indonesian football," says Suwarso, a soccer fan who didn't let his enthusiasm for the game wane during his four years at Indiana's Purdue University. "My whole club is designed to make money...
...making the money? A Federal Trade Commission investigation in March ruled out collusion among the oil companies, who have been in a consolidation mode since the late '90s. And relative prices are still lower than they were in the '60s. That's not to say refinery profit margins haven't increased handsomely from the supply squeeze. Operating profits have surged this year at refiners like Valero and big oil companies like BP Amoco and ExxonMobil. "Refiners have made a killing over the past 15-to-18 months," says Chris Stavros, an oil-industry analyst at UBS Warburg. Stavros points...
...pain at the pump has put Big Oil in the profiteering spotlight again, albeit with an Internet twist. At least one widely distributed chain e-mail encourages readers to boycott stations operated by ExxonMobil, the largest gasoline retailer in the U.S. Exxon's profits roared 44% higher in the first quarter, to $5 billion, on fattened profit margins. The 27 largest energy firms in the U.S. earned $14.1 billion in the fourth quarter of 2000--more than double their profits in the same period a year earlier, reports the Energy Information Agency. Of course, there were no complaints while Exxon...
...Marathon gas-station owner in Wixom, Mich., keeps hearing stories of crazed drivers smashing the glass on other stations' pumps. Steve Glazer says customers at his Flushing, N.Y., Mobil station are so angry he is going to wear a helmet to work. Says Glazer, who has watched his profit margins erode to nothing: "I'd like to know who's making all the money...