Word: profitability
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Dates: during 1950-1959
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Morrill yesterday expressed the opinion that "there won't and shouldn't be an increase" in the refund payable next October. He pointed out that the Society is still paying for the expansion completed in 1957, and noted that net profit totaled only $5,000 after the payment of $372,000 in patronage refunds this month...
...ministers advocate the practice of brother hood as a consequence of having been "brain washed by left-wingers and Communists" [TIME, Sept. 29], Governor Faubus pays the Communists an unnecessary and unmerited compliment. The Communists do seem to know more about brotherhood than Faubus does, so he could, with profit, go to school with them. But the idea of the brotherhood of all men derives rather from certain Old! Testament writers, the Stoic philosophers, or Jesus Christ of Nazareth...
...plan got nowhere with high-voltage Jim Carey, who last January called the recession an obvious union-busting plot. He charged that the plan is a scheme to drive up the price of G.E. stock, enriching top executives who "have secured stock free of charge as part of their profit sharing." Said G.E. Vice President Lemuel R. Boulware: "Carey is unable to distinguish between bargaining and giving in. Three years ago we gave in. Not now." What strengthened G.E.'s hand was the fact that in three key G.E. locals (Lynn and Pittsfield, Mass.; Schenectady, N.Y.), representing more than...
...firms welcomed the recovery with greater relief than Philco, which has been in deep trouble. After being in the red for the first five months this year, Philco made a slight profit in June, has been in the black since. The pickup in Philco refrigerator sales was so marked that Philco brought out its 1959 models in August, six weeks earlier than usual. Laundry products have picked up so fast that Philco put in an extra assembly line for the Duomatic washer-dryer. And though TV sets are still the industry's weakest spot (down 24% from last year...
Minute Maid, which had grown fast since its founding in 1945, got into trouble when it bought out Snow Crop in 1954 to diversify into other frozen fruits and vegetables. Last year Snow Crop came a cropper; a surplus of fresh fruits and vegetables depressed prices while competition cut profit margins. Minute Maid ran into further trouble in its own orange processing, where costs increased while retail prices slid. Though 1957 sales were $103 million, the company reported a pre-tax loss of $5,000,000. When a December freeze hit Florida's citrus crop, Wall Street assumed...