Word: profitable
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Dates: during 1980-1989
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...West Side Federal Savings and Loan in New York City and the Washington Savings and Loan in Miami were acquired by National Steel Corp.'s financial subsidiary. The Government played matchmaker by paying National Steel subsidies-currently around $9 million a month-until its new partners return a profit...
Likewise, corporate treasurers once accused of being too timid to make major long-term spending decisions, such as approving a costly new plant, have become heroes. That factory might have made a healthy profit after a few years, but the jumbo bank certificate of deposit that he bought for $100,000 immediately earns nearly...
Anyone with enough reckless courage to play the financial futures markets could earn high profits. Activity at this market in Chicago has more than doubled in the past two years. Faced with the risk of even higher interest rates, banks and pension funds have been forced to hedge with financial futures, which are contracts to buy Government securities or foreign currencies at some later date. The speculators are betting that interest rates will go higher rather than lower. If the cost of money goes up, they sell their futures contracts for a good earning. For instance, an investor...
Merging for profit...
...Massachusetts state police narcotics unit: "A dealer can buy about 1,000 look-alike pills for $45 per jar, or approximately 4? each. Then he goes out to some eighth-grader and sells those same pills for $2 apiece. Right off the bat he's making a profit of more than...