Word: profitability
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...TRANSIT SYSTEM, successor to Capital Transit Co., Washington's long-limping bus and streetcar system, is finally getting on the track under new management after being milked of millions by Financier Louis Wolfson (TIME, June 25). Company changed net loss of $4,836 in September to $92,986 profit in October, now is enjoying first big passenger upswing since...
Good Deal. Silberstein and friends, said the protesting stockholders in the court complaint, bought 100,000 shares of Fairbanks, Morse for $33 apiece, then sold them to Penn-Texas at $43 for a personal profit of $1,000,000. They further charged that Penn-Texas this year bought 200,000 shares of Fairbanks, Morse at an excessive price ($45), raised the money by borrowing and by selling and leasing back Penn-Texas properties. As a result, they said, banks were threatening to call Penn-Texas loans...
After President Ralph S. Damon died last January, Trans World Airlines began to lose altitude. Without his firm and skilled hand, the net profit dropped 96.9% in the first nine months to only $170,000, despite an 11% rise in operating revenue. Last week T.W.A. Owner Howard Hughes finally found the man he hopes will pull T.W.A. out of its dive: Carter Lane Burgess, 39, Assistant Secretary of Defense for manpower...
...Profit & Plumbing. In 1943 poor management in the Associated Hotels chain gave Oberoi his chance. As Associated stock sagged from $2 to 20? on the Calcutta exchange, Oberoi and some partners bought up 54% of the stock, and with it, Associated's eight hotels. Others soon followed as Oberoi improved his hotels. He put modern toilet facilities in every room, central heating and air conditioning into the Grand Hotel in Calcutta and the Imperial in New Delhi, Swiss, German and French managers-bone-bred hoteliers-into most of his hotels. By Indian standards his hotels are excellent...
This is a Non-Profit Organization