Word: profitability
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Dates: during 1950-1959
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...accounts by the Federal Reserve (see below), the U.S. investor drove the market to still another historic high. Led by some of the nation's biggest corporations, stocks on the Dow-Jones industrial average rose to 637.04 at midweek. By the final gong at week's end, profit taking had clipped only 2.51 points from the mark to put the weekly gain at 13.17 points...
...negotiator for the steel industry, that the industry is considering a mutual-aid pact or even an industrywide shutdown should the union decide to strike one or two firms instead of striking the whole industry at once as in the past. Such a pact would be similar to the profit-sharing pact signed by struck airlines last fall (TIME, Nov. 10), except that the airlines later got tentative approval from the Civil Aeronautics Board, which can exempt airlines from antitrust procedures...
...suburb of Phoenix, Ariz, while he built his own house. He worked on the new house for six months with Mary's help (she did the painting and finishing touches). When it was finished, Long got an offer for the house, sold it at a $4,300 profit. He and his wife set to work building another house, but they sold that one too-and the next, and the next. By last week, John Long, 38, had built nearly 10,000 houses worth more than $100 million, had risen to the top of the U.S. home-building industry with...
...houses for $7,400 each, cleared only about $350 on each. Then, in 1953, to take advantage of the 10% down payment introduced by Congress for $7,000-or-under houses during the Korean War, he lowered his sights to a $7,000 house, contented himself with a $250 profit on each...
...bring down prices. Grenoble families are saving $160,000 a year through new lower prices." To any Frenchman wanting to open a Leclerc-style store, he will teach his selling methods free. His only requirement: they must agree to hold to his policy of low overhead, minimum profit...