Word: profitable
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Dates: during 1980-1989
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Dobkin is one of millions of Americans who suffer from diseases so rare there is no profit in making drugs to treat them. A pharmaceutical company's investment, up to $80 million for a new drug, cannot be recouped if only 100,000 people or fewer need the product. Such diseases and their drug treatments therefore are said to be "orphaned." Orphan diseases include cystic fibrosis, a deadly hereditary disorder that affects 40,000 Americans; Tourette's syndrome, a neurological abnormality characterized by tics and involuntary outbursts of swearing (100,000 Americans); Prader-Willi syndrome, a children...
...general counsel to the University for the last 12 years, was promoted to the new post of vice president and general counsel. Steiner, who is widely considered President Bok's right-hand man, will assume Wyatt's responsibility for overseeing Harvard Real Estate, the multi-million dollar non-profit organization that manages the University's properties...
...that several other neighborhoods around the city are on the verge of their own little real estate booms, arson is again pushing the old residents out. Either landlord are engaging in blatant arson-for profit or they're cutting maintenance to their buildings, which pressures tenants to abandon the apartments. After that, vandals may torch the building, or scavengers, called "junkies" in the arson business, strip the building for pipes or scrap metal and burn what's left to cover up the robbery. There are between 1200 and 1400 vacant buildings in Boston; once they are disposed of--as about...
Detroit suffers especially from its difficulty in turning a profit on fuel-efficient small cars, the market sector in which foreign competitors are strongest. In the last two years, Ford has sold 600,000 subcompact Escorts, partly by holding prices so low that sales have barely covered costs. To stay competitive, General Motors is trying to reach an agreement with Toyota Motor Co. of Japan, in which the companies will jointly build small cars at an assembly plant in Fremont, Calif., that GM closed down early this year...
...entire industry's profit prospects are equally uncertain. Cost cutting has been so furious that analysts expect even a modest recovery to produce larger profits. But improved sales will necessarily depend on the strength of the U.S. economy. Automen are universally convinced that they have seen the worst. What they cannot figure out now is when the upturn will come. -By Alexander L. Taylor III. Reported by Paul A. Witteman/Detroit