Word: profiteered
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Dates: during 1970-1979
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...August decline. Last week the average got as high as 953 and closed at 947; three times, turnover on the New York Stock Exchange topped 20 million shares a day. The rising prices and volume may have generated enough commission income to enable the brokerage industry to earn a profit in September after eight months of net losses that have caused draconian staff and salary cuts...
...casino operator to run in the red, S.B.M. did just that in two recent years, and barely broke even in another. But now the wheel of fortune has spun to the black again. A few days ago, S.B.M.'s president, jovial little Prince Louis de Polignac, announced a profit of $2.5 million for the year ended last March 31 and a 40% rise in the price of S.B.M. stock, to $15.50. No one was more pleased than his third cousin, Prince Rainier, known to Americans as the husband of elegant Movie Star Grace Kelly. Prince Rainier's Monaco...
Merrill said that once the logistics of the pilot project are successfully developed, he can show that Harvard will profit financially if the entire University recycles its office paper...
...distance telephone pitches. Salesmen for one such firm try to get prospects to buy $5,000 lots for $50 down and $50 a month-and to put the first $50 check in the next mail-with the promise that the buyer can quickly resell the land for a huge profit. Excerpts from one telephone spiel: "I'm going to make an offer that will definitely be of interest to you, especially if you're interested in making money ... If you saw that you could definitely make an excellent profit within the next 24 to 36 months, Mr. Blotz...
...long way to climb. On the same day as the Smith appointment, American announced that its losses for the first eight months of the year had risen to a staggering $26.3 million, v. a profit of $12.4 million over the same period in 1972. Financial analysts expect the red ink for all of 1973 to exceed $30 million. The company's underlying problem is that it owns far more wide-bodied jets than it can run at a profit (TIME, July 2)-a dilemma that even Smith's wealth of experience and operating wizardry may be hard pressed...