Word: profitable
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Dates: during 1940-1949
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Checkmate. In Detroit, Vernon Dobson bought a car with a worthless check, sold it at a profit to cover the check with cash, discovered that he had been given a bum check himself...
...would close its doors. Most of the unions forthwith abandoned their demands. But two-the musicians' (which has had no wage increases in two years) and the wardrobe attendants'-insisted that the Met at least give them some kind of unemployment insurance. As a non-profit organization the Met pays no real-estate taxes, deducts no social-security benefits...
...Plane Profits. For the first half of its fiscal year, Douglas Aircraft Co. had a profit of $424,951, compared with a loss of $752,307 in the corresponding period last year. For the nine months ending in June, North American Aviation, Inc. netted $1,258,185 (v. $303,847). Grumman Aircraft Engineering Corp., which had been flying at high altitude, came down some: for the first half of the year it had a profit of $1,027,707, down more than 21% from last year...
...Interstate Commerce Commission. ICC also added a new 1.2% boost (about $67.4 million a year), much less than the additional 5.6% the railroads had asked. Nevertheless, the roads were feeling a lot better. Example: in June, the Pennsylvania netted some $8,000,000, almost triple the May profit. It was enough to wipe out four previous months of red ink and put the road in the black for the half year...
Jackpot. General Motors' second-quarter earnings were something. On sales of $1,145,000,000, the net profit was $110 million. For the half year, G.M.'s gross was up only 22% over 1947. But its net was up more than 50% ($4.55 per common share v. $2.97), thanks to higher prices and steadier operations...