Word: profitable
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Dates: during 1980-1989
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...German company, for $440,000. The well at the time showed some prospect of becoming a commercial producer but has since been plugged. Wright's trustee then sold the Speaker's interest in Mallightco for $350,000, less $80,000 to pay off debts to the firm -- a handsome profit from a hopeless dry hole. Wright insists he knew nothing about the well deal, but the ethics committee wants to probe deeper -- especially because the sale of the well was in part arranged by Morris Jaffe and his son Doug, two Texans who are trying to sell a $3 billion...
...That is a good book which is opened with expectation and closed with profit," wrote American educator Bronson Alcott. Whittle Communications couldn't agree more. The Knoxville-based company plans to publish a series of books that will contain a radically new profit-making device: advertising. While paperbacks have sometimes been sprinkled with ads, such come-ons have almost never appeared between hard covers...
...about $60,000. Each book will be initially distributed free to some 150,000 opinion leaders, including executives and politicians, and later sold in bookstores. The advertising income will finance the giveaways and help keep the retail price of the books relatively low, while still ensuring a healthy profit margin for Whittle, which is 50% owned by the Time Inc. Magazine Co., the publisher of TIME...
...reality is more interesting. From the day in 1928 when Howard D. Johnson opened his first roadside stand, in Wollaston, Mass., to sell hot dogs and a rich chocolate ice cream of his own formulation (16% butterfat), the next half-century was largely a story of growth and profit. But that success inevitably brought increased competition from all kinds of newcomers, like McDonald's, and the gas shortages of the 1970s hurt all roadside businesses considerably. There were also some who claimed that baby-boom customers preferred zippy novelties like, say, tacoburgers. So when Howard B. Johnson...
While Takeshita maintains that he did not profit from stock deals, he did finally acknowledge receiving from Recruit sizable gifts in other forms. The Prime Minister conceded that in 1986 and 1987 the company donated $259,000 to his political organizations. He also admitted that Recruit bought more than $570,000 worth of tickets to two fund-raisers held for him in Tokyo and Iwate prefecture in May 1987. Such contributions are not illegal, but these may have exceeded legal limits imposed after the Tanaka scandal...