Word: profitable
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Dates: during 1980-1989
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...society and the proper role of the state in the lives of its people. For more than a century, advocates of collective ownership and strong government control of the economy have marched under the banner of socialism. Those who champion private property, individual initiative and the pursuit of profit are in the capitalist camp...
...make ends meet no matter how generous its means. But the Service, which has operated as an independent Government business since 1971, is learning how to hold down costs. Thanks in part to automation and lower inflation, the Postal Service said it expects to report a $400 million profit for the fiscal year ending in September, compared with a net loss of $251 million in the previous twelve months. Consumers can look forward to one very tangible benefit: the current 22 cents cost of mailing a letter, in place since last year, is not expected to change until at least...
...billion, or $58 a share, for Oakland-based Safeway Stores, the biggest supermarket chain in the U.S. Though the Hafts have the retailing expertise to enter the grocery business, some Wall Streeters think that the raiders once again intend to pass through the express checkout line to a quick profit. They already own 5.9% of Safeway's shares, which they bought earlier this year at an average price of about $42 a share. Since Safeway stock rose last week to $57.25, the Hafts could sell out now for a gain of close to $60 million...
...sudden fall, according to professional investors, were relatively mundane. As the Dow broke 1900, explained one Wall Street forecaster, "a lot of buyers were taking to the sidelines, trying to figure out whether the assault on 1900 was for real. On Monday, everybody jumped in to cash in their profits." Another reason for the big drop was the fact that early last week stock index futures were selling at a significant discount to current stock prices. For Wall Street institutions using computer-trading programs to conduct business, that meant an opportunity to make a fast profit by simply buying...
...just one deal in 1984, Wilkis bought 20,000 shares of retailer Carter Hawley Hale because he knew that it would receive a takeover bid from Limited Inc. Since the stock's value spurted as a result of the tender offer, he cleared a $95,000 profit. Levine bought 33,000 shares of Carter Hawley Hale and made $222,000. Sokolow, meanwhile, leaked advance information to Levine about Litton Industries' 1982 bid for Itek and R.J. Reynolds' 1985 offer for Nabisco Brands. For those tidbits, the SEC said, Sokolow was paid...