Word: profitable
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Dates: during 1980-1989
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...friends would then buy shares in the companies or their targets and sell at a profit as soon as favorable news caused the stock to rise. In this fashion Thayer's friends allegedly accumulated illegal profits of $1.9 million...
...take over Bendix Corp., Thayer allegedly contacted Ryno and Harris. On Sept. 22, Ryno bought 4,000 shares of Bendix at roughly $60 a share; five days later, after Allied's tender offer had been made public, she sold it at about $73 a share, netting a profit of $51,000. U.S. securities law only penalizes tipsters who "benefit" from passing inside information, and the SEC does not claim that Thayer profited financially from his inside information. The commission will charge, instead, that Thayer benefited simply by improving his relationship with Ryno and the others. The complaint also accuses...
...save the company about $200 million a year and help the firm reach its goal of drastically cutting steelmaking costs, which are the industry's highest. The closings will reduce steelmaking capacity from 31.3 million tons to 26 million tons annually and allow the company to make a profit on steel while running at only 50% of capacity...
Kodak, though, has more problems than just a shrinking market. The company's much ballyhooed compact Disc camera, introduced in February 1982, has yet to turn a profit. Total 1983 shipments are estimated at about 7 million units, in contrast with 8 million in 1982. Kodak had expected to sell some 10 million Disc cameras last year and installed enough equipment to produce 12 million. The device, which uses a disc rather than a roll of film, is unlikely to earn back its estimated $450 million in development costs before late...
Hollywood may try to change his mind. Starting with Brian De Palma's Carrie in 1976, each movie version has turned a profit (The Dead Zone has grossed $20 million since its late October release, while Christine has raked in a more modest $10 million). King's deftly spun tales of vampires, haunted hotels and psychically advanced humans have brought a measure of class and complexity to a genre domiated by crass scare films like Friday the 13th. "King creates youthful protagonists who are very much in tune with what's going on in the contemporary world...