Word: profitably
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...brand upmarket with a series of premium, high-volume cars and a new emphasis on design. And the car is fueling a dramatic turnaround at the automaker. On the basis of strong sales of the 300, Chrysler reported last month that it swung to a $628 million operating profit in its second quarter, vs. a $1.2 billion loss a year earlier. Chrysler brand sales were up 17% in July over a year ago, and the company has orders for nearly 90,000 of the 300--making the launch Chrysler's strongest since that of the Jeep Grand Cherokee...
...however, suggests that the merger is finally paying off with a product that may generate profit growth. The 300 and other cars based on its German-inspired rear-wheel-drive platform--like the Dodge Magnum that hit dealerships in June--appear to be selling on their merits, rather than being pushed by profit-killing finance incentives. "It looks more like a Rolls-Royce or a Bentley," says John Dickens, 64, who traded in his Lexus SUV, worth $65,000 new, for a 300C at a dealership in Athens, Texas...
...Miller criticized Harvard for trying “to profit from our family tragedy” in her statement. She said the award represents “a windfall into Harvard’s overstuffed...
...expected this month. But Google founders Larry Page and Sergey Brin seem to be doing their darnedest to dampen the hype. The company last week gave an unusually bullish official estimate of its opening share price: $108 to $135 a share, or more than 150 times annual per-share profit. (Most large companies average about one-seventh of that.) Google watchers were split on the reason. Either Page and Brin are trying to scare away those in search of a one-day profit--by snapping up shares in the IPO at a low price and selling them as soon...
...winner's curse," in which the price drops at the start of actual trading. Still, some investors will be winners in any event. Google employees stand to make an average of $2.8 million at the estimated share price. Page and Brin themselves are set to make a one-day profit of $130 million each. Another big winner: Yahoo, which invested early in its rival and now has $67 million worth of options. --By Chris Taylor