Word: profitable
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
Three years later, Boyer joined with a young entrepreneur named Robert Swanson, then 28, to exploit this amazing-and, in some eyes, dangerous-new technology. Only lately has their firm, Genentech Inc.. begun to turn a profit. But its prototype bacterial factories have been extremely busy. They have already produced half a dozen different substances, including insulin, human growth hormone and interferon, the antiviral agent being investigated as a cancer cure. Genentech (pronounced jeh-nen-tek) has also paid off handsomely for Boyer (his initial investment: $500). Offered publicly last October, its stock shot up within 20 minutes...
Navajo, Ariz. (pop. 24), has much to offer: history (it was Arizona's first territorial capital), location (on Interstate 40 just south of the huge Navajo Indian Reservation and east of the popular Painted Desert and Petrified Forest National Park) and profit ($100,000 a year from its motel, café, service station and general store). As a result, Navajo has six new owners: Don and Rita Schwinghamer of Phoenix, Don's cousin Frank Schwinghamer and his wife Ann, from Canada, and their close friends Len and Betty Siebert of Bellevue, Wash...
...while the official ceiling price for oil sold by any OPEC member was increased by $4, to $41 per bbl. The price increases will jack up the world's oil bill by an estimated $26 billion in 1981. The message from Bali was clear: oil and profit are still powerful enough forces to keep even warring nations working together...
...poorly, and dealers now have more than a 120-day supply, twice the desired amount. As the auto industry last week prepared for its annual holiday shutdown, only three of Chrysler's six assembly plants were operating. The company, which had once vowed that it would earn a profit in the fourth quarter, will probably lose more than $200 million between October and December. That would push its losses for 1980 to an astonishing $1.7 billion, breaking the current record for the highest yearly loss in U.S. corporate history, set by Chrysler in 1979 with $1.1 billion...
Chrysler's 20,000 suppliers are the most complicated problem. One steel company told Iacocca, in his words, to "drop dead." Said the president of another longtime supplier: "A lot of us will not go along. There is not 5% of profit for us left in Chrysler business...