Word: profitable
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Dates: during 1990-1999
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...largest for-profit health services company in the world just got bigger. The Federal Trade Commission today approved a merger between the nation's two largest hospital chains, first-ranked Columbia/HCA and second-ranked HealthTrust Inc., taking the rapid consolidation of American health services to a new level. The new $15 billion behemoth will have 320 hospitals and more than 100 outpatient surgery centers in 36 states, England and Switzerland. HealthTrust becomes a wholly-owned subsidiary of Columbia/HCA, which was founded just 8 years ago by chief executive Richard Scott. The companies claim that by combining, they will be better...
...demand by the commander of the American Legion that he donate all royalties from his new autobiographical "confessions" of error in Vietnam to veterans' causes. "If Secretary McNamara is sincere about atoning for sending Americans into a war he knew they couldn't win, then he shouldn't profit financially from this sad, tragic, late confession," said William Detweiler, leader of the 3.1-million member veterans' group. McNamara's replied (through publisher Times Books) that he'd prefer to make any charitable contributions "privately...
...unresponsive to inquiries and one cannot take much comfort from what little it does release. A large percentage of HMC's investment are in non-marketable securities. The result is that HMC has the freedom to decide when to recognize a profit or a loss...
Russia's new national pastime -- tax evasion -- gets underway this month as millions of people try to decode the one of the world's newest yet most arcane tax systems. Moscow businesses face 51 different taxes, including a 41 percent social security tax, a 13 percent profit tax, a 63 percent tax on importing personal belongings and a levy on guard dogs. Worse, the average Russian worker earned just $1,112 in 1994 and will pay anywhere from 12 percent to 30 percent in income taxes -- if they bother...
Dodgers fans Jimmy Sweeney and Stuart Rawitt have gone online to organize a baseball boycott. Their for-profit organization -- Baseball Fans On Strike -- just established anInternet sitefor ordering a $20 membership kit, T-shirts, and baseball caps with the organization's logo. Members who pledge to boycott all 1995 major league baseball games get a newsletter, a travel gift certificate and a bumper sticker. Sweeney told TIME Daily that the boycott is for the entire season, even if thestrikeends, because he is angry that it has lasted so long. "We're boycotting regardless of who is playing," Sweeney said...