Word: profitable
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Dates: during 1980-1989
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...family of five in Greenwich, Conn., with an income of $120,000. They are paying $7,249 in state and local taxes plus $28,000 in interest on a mortgage and various loans. In order to pay for one child's college education, they are selling some stock. The profit is currently taxed at 20% but that would decline to 17.5% under the Reagan plan. The couple's Individual Retirement Account deduction would go from $2,250 to $4,000 under Reagan's program...
With all the headaches involved. The Coop doesn't make much profit from academy regalia, but it serves as distributor as a service to the community, Argeros says...
...repel Pickens primarily with a $3.6 billion offer to buy up part of its outstanding stock for $72 a share, compared with the raider's bid of $54. Ordinarily Pickens would have responded by simply cashing in his 12% share of the company and walking away with a fat profit. Unocal made him exempt from the offer, however, which was a daring strategy since companies generally presume that the law requires them to treat all stockholders equally. Yet in a surprising reversal of a lower-court decision, Delaware's Supreme Court upheld Unocal's plan to cut the hostile raider...
Another bright sign for the economy is that consumer confidence and retail sales remain robust. Several department store chains last week reported hefty profit gains during the first three months of the year. Earnings were up 17% at Allied Stores, 18% at Dayton Hudson and 21% at Federated. Auto sales in mid-May rose 18.2% over the same period a year...
...mood is more optimistic at the Chicago Sun-Times, which Murdoch bought in 1983 for $90 million. Though its circulation trails the competition (639,000, vs. 776,000 for the Tribune), the Sun-Times turns a marginal profit. Editor Frank Devine, who was installed by Murdoch last January, is confident that a buyer will be found. "Of course, I'd rather Rupert kept the Sun-Times. After all, he's a rather zingy fellow, the kind of live-wire person I like...