Word: profited
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Dates: during 1990-1999
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...Conference Board is a not-for-profit, non-advocacy organization which compiles the Consumer Confidence Index and the Help Wanted Advertising Index...
...company has never shown a profit, and revenues for the first half of this year were a tiny $16.6 million. But theinitial public offering of Netscape Communicationsstock today sent Wall Street traders into a frenzy. Almost 13.8 million shares changed hands (twice the amount of available stock), as Netscape shot from an opening price of $28 to as high as $75 before closing at $58.25 a share. After one day of trading, the company's value had more than doubled, to over $2.9 billion. "What's going on is thatWall St. is voting in a big way for the internet...
Besides, culture is business. Serious business. The splendid offerings of New York City, from the Metropolitan Museum of Art to the New York City Ballet, generate more than $2 billion a year in tourist revenue. Not-for-profit arts, local and national, support 1.3 million jobs, yield $37 billion a year in economic activity and return $3.4 billion a year to the federal treasury through tax--some 20 times the budget of the nea. It is ludicrous to pretend that the NEA is a drain on the American purse...
Euro Disney looked more the beauty than the beast last week as it announced its first quarterly profit since opening in 1992. The theme park attributed third-quarter earnings of more than $35 million to an enthusiastic public response to price cuts in tickets, food and hotels--and a new Space Mountain roller coaster...
...optimistic economic prognosis from Federal Reserve Chairman Alan Greenspan prompted a bullish stock market to nose-dive. Wednesday's sell-off further weakened a market reeling from announcements of lowered profit expectations by Microsoft Corp. and Intel Corp. The technology-rich NASDAQ composite index sustained a massive 35.66 one-day loss, its largest point-drop since October 1987; it recovered almost 10 points by the close on Friday...