Word: profitable
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Dates: during 1940-1949
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...Sperry Corp. announced that renegotiations of its war contracts with an Army and Navy Adjustment Board (TIME, April 20) would save the Government, in refunds and lower prices, about $100,000,000. This is the biggest war-contract adjustment so far. Said Sperry President Tom Morgan: "Our profit before taxes has been larger than was anticipated or desired." Said the Navy's James V. Forrestal: ". . . deeply gratifying . . . evidence of practical patriotism...
...Manhattan Acme Chemical Co. and Rona Chemicals got caught reselling chemicals WPB had allowed them to make aspirin. Their profit: over 100%. Their loss: no vital chemicals at all for six months...
...other hand, if such an overall rule were sanctioned Harvard Square florists would suffer a major blow, since they depend upon college trade more than any other block of customers. For many of the flower shops, Harvard business makes the difference between profit and loss. It seems only fair that no blanket ban should be imposed against their goods, for it is really up to an individual to decide whether he can buy or not. And as far as a luxury goes, it is no more than a few movies. The idea of buying defense stamps as an alternative...
...Hundreds of small contractors all over the U.S. are going to district procurement officers and voluntarily making profit and price adjustments...
...court said these men had wasted corporate assets, mainly in transactions involving General Motors Management Corp., which administered G.M.'s famed profit-sharing bonus plan. Back in 1931, some of them had participated or acquiesced in an unauthorized distribution of stock. Another 1931 slip-up was the inclusion in the bonus rate of $10,057,559 profit on the sale of G.M. treasury stock to the Management Corp. Net earnings were improperly boosted from treasury stock transactions in other years...