Word: profitability
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Dates: during 1950-1959
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Rebounding from a first-quarter loss last year, United Air Lines announced that it will show a profit this year on the basis of "record revenues." Said President W. A. Patterson: "The unprecedented traffic was partly due to the improvement in economic conditions generally and the gradually heavier use of air travel for business reasons...
Ever since the Federal Power Commission set out eleven years ago to regulate the nation's 3,000-odd independent natural gas producing companies (those not owning their own pipelines), a battle has raged over the question: What is a fair profit for independents? Last week the FPC finally had an answer. In a test case involving the Phillips Petroleum Co. of Bartlesville, Okla., FPC Presiding Examiner Joseph Zwerdling recommended that Phillips be permitted a 9.25% return on its investment. The rate was a compromise between the 18% return asked by Phillips and the 6% return that...
...that rises into the U.S. skies, U.S. airlines will have to find a way to sell two or three of their piston planes. Last week a young (31), gangling (6 ft. ½ in.), onetime hedgehopper named Frederick Ayer showed how the trick can be done-with a tidy profit for himself. From his 24-room office suite in Manhattan, Fred Ayer announced the purchase of 45 Douglas DC-6s (value $30 million) from American Airlines, plus first refusal rights on the $23 million worth of DC-6s left in American's fleet...
Founded as a non-profit organization by Aaron, Dean Gitter '56, and John G. Eyre '58, the group sought to re-establish repertory theater in the United States. It used only actors from a permanent company and was to alternate five plays over a season extending from March through June...
...Marxian economic theory that has prevailed in Russia until recently, he explained, considered only immediate cost or profit as economically significant. Now, however, Soviets consider both immediate and future cost or profit...