Word: profitability
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Dates: during 1950-1959
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...British, and she is ardently Anglophile and pro-U.S., but her affection for the U.S. never rubbed off on her husband. He compounds the Mexican's moody distrust of the Colossus of the North with an unshakable belief that the U.S. is run by and for a profit-hungry band of bankers. Told once that only 5% of all U.S. citizens could be called truly rich, he replied: "Aha! But what...
...deliverers indicated that even with the reduced wage, they are receiving at least 20 cents an hour more than they did last year. He emphasized that the H.S.A. needs a small profit each year to enable it to start new enterprises, thus creating work for a greater number of undergraduates...
...parties every night because there is no easier way for a charity to make money. For $5,700 (and only 20% down), the Maternity Center Association bought up Marriage-Go-Round one night last week. It sold the tickets to members for $10 to $30, wound up with a profit of $16,000. Its major out-of-pocket cost: $210 for postage stamps. Why choose a broad sex comedy such as Marriage-Go-Round for the Maternity Center? Explains Director Hazel Corbin: "Because it turns out all right in the end. We always try to pick a play that...
...losses. But Hughes is having troubles in other parts of his empire. Hughes Tool Co., which is financing T.W.A.'s new jets, is in no position to absorb more heavy losses. For years the company did a $120 million annual business in oilfield equipment-and turned a 50 profit before tax on every dollar. Now profits are down sharply. A decline in oil drilling, rising competition at home and imports of oil from abroad will cut its business to between $70 and $80 million this year, with profits of about $20 million after taxes. Nor can the second highly...
Last week another merger was well past the talk stage. The Norfolk & Western and the Virginian Railway, which share the profitable soft-coal Pocahontas region with the Chesapeake & Ohio, announced that they had started studies for a merger that would add "strength to strength." Both lines are efficient operators but could profit by merging. Their merger would create a new system having 2,695 miles of main track in the South and combined assets of more than $900 million...