Word: profitable
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Dates: during 1940-1949
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...cocky, moderates jittery as France held her referendum on the Constitution of the Fourth Republic. Wiseacres had predicted that most citizens were fed up with seven months of wrangling in the Assembly, that popular disgust with politics would be reflected in a light vote, that the disciplined Left would profit from public apathy, that the way was paved for a solid "Yes" vote on the Communist-sponsored Constitution. The result would be a one-chamber government and a probable party-machine dictatorship...
...strike cost General Motors Corp.? Last week G.M.'s Alfred P. Sloan Jr. intoned the sad answer: an operating loss of $88.9 million. G.M. figured that $53 million would be offset by tax recoveries from the Federal Government, under the carry-back provision of the excess-profits tax. (But the amount may be reduced if G.M. shows a substantial profit for the full year.) Thus, G.M.'s net loss for the first quarter, the reddest report seen since depression days, was $36 million v. a 1945 first-quarter profit of $50 million. Nevertheless Mr. Sloan expects...
...many another industry, strikes turned black into red. Libby-Owens-Ford Glass Co. lost $450,445 v. a net profit of $1,903,464 last year. Nash-Kelvinator, with a loss of $1,152,775 compared to last year's $510,258 profit, showed what suppliers' strikes had done to the auto industry. Hardest hit of all was General Electric. President Charles E. Wilson gave out the black-bordered facts: a loss of $13,701,580, first deficit since 1922, v. last year's net profit...
...Profits of Peace. In the repeal of the excess-profits tax, industry found the bonanza it had hoped for. Chicago's Marshall Field & Co. listed a 1946 profit of $3,210,000 v. $1,336,000 for 1945. Standard Brands, Inc., with sales down 3% and income-before-taxes down a big 34%, was still able to report a net income of $3,667,555 v. $2,699,400, because taxes had been cut 65%. International Business Machines did better. So did Monsanto Chemical, which doubled its earnings. Montgomery Ward & Co. climbed up from...
...fast climb to control of 17 companies* in four years had filed false affidavits stating that his induction would leave his dependents without financial support. In severing his four-year connection with Panhandle, Rubinstein did not go away emptyhanded. He sold 296,525 shares of Panhandle stock for a profit...