Word: profitable
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Dates: during 1980-1989
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Cesario and two of his associates are suspected of trafficking in minors to obtain a profit. Although lawyers like Cesario routinely help foreigners expedite adoption proceedings, arranging adoptions for profit has been illegal in Brazil since November 1984. Cesario has admitted that he handled 150 adoptions at an average price of $5,000 a child, ten times what an attorney would normally charge for the paperwork involved in the process. He claims, though, that his fee included medical costs and that he was simply providing a humanitarian service. A federal prosecutor is reviewing evidence to determine what charges...
...shock to Santa Fe officials, the Chicago- based company will not be devastated. Real estate, not railroads, accounted for the bulk of its 1985 revenues of $6.4 billion. The same, however, cannot be said for the less diversified Southern Pacific (1985 revenues: $2.5 billion), which has barely made a profit over the past three years. Before the merger, Southern faced bankruptcy, and that could once again be a possibility...
None of these triumphs has yet produced a solid profit for the News. Despite McClatchy's first-ever monthly profit, in May, the paper will probably end the year in the red. The Times's publisher, Robert Atwood, 79, says that he is far from abandoning the war. "We're in a position to buy them out and relieve them of their losses," he says. But more quietly, Atwood offers a notion that seven short years ago would have been unthinkable: the Times might contemplate a joint operating agreement with the News. "I guess McClatchy's pockets are deeper than...
...Shakespearean Festival, which unfolds where it started, within the ivy-covered remnant walls of a onetime Chautauqua dome in the folksy college town of Ashland (pop. 15,000). The first season, three performances, was accompanied by boxing matches to defray costs. The fights lost money. The theater made a profit. Today the Ashland operation, revered on the West Coast but largely unknown elsewhere, has an annual budget of $5.5 million and sells more than 90% of capacity...
...conglomerate in the 1960s, has been in an agonizing decline since 1981, the last year it made a profit. Now desperately short of cash after losing more than $1.5 billion, the company chose bankruptcy because it saw no prospect for a fast turnaround in the U.S. steel industry's epic slump. The company will operate in Chapter 11 for an estimated 1 1/2 to four years, shielded from creditors to whom it owes more than $4 billion, while it tries to overhaul its steel operations. Declared Chairman Raymond Hay: "We are fully confident that we will emerge from Chapter...