Word: profits
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Dates: during 1950-1959
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Money on the Farm. The picture was the same in oil, construction, farm machinery and aviation. New markets in petrochemicals, natural gas and increasing auto travel boosted Phillips Petroleum's 1955 profit to a record $95 million, 25% more than 1954; the company will spend $200 million on expansion in 1956 and confidently predicts still higher earnings. The boom in business flying brought light-plane-maker Cessna Aircraft sales of $16 million for fiscal 1956's first-quarter, 30% more than a year ago. In housing, the demand for home and factory insulation materials pushed Johns-Manville Corp...
Helen of Troy (Warner). "Seven cities warred for Homer, being dead, wrote Thomas Hey wood, "who, living, had no roof to shroud his head." Two other cities, Rome and Hollywood, which care more about the poet's capacity to turn a profit than a phrase, have recently made an uneasy truce before the walls of Troystrictly, of course, for the sake of plunder...
...Padded Profits? McGinnis claimed that his economies resulted in a $9,275,000 profit for eleven months of 1955, almost double the 1954 net. But Frederic ("Buck") Dumaine Jr., whom McGinnis ousted as president in 1954, charged that McGinnis had used cash reserves and in come from subsidiaries, e.g., The Connecticut Co., to pad railroad earnings. Said Dumaine: "They must have lost $7,000,000 running the railroad 20 months...
SMALL BUSINESS troubles have the Senate Small Business Committee worried. Though many small businessmen are doing better in personal income than their profit figures show, the committee has drawn up a unanimous report calling attention to the fact that small businessmen with less than $250,000 assets made only a 1? profit per $1 of sales in the first half of 1955 v. 7.2? per $1 of sales for big companies. Furthermore, says the committee, business failures are now up to 42 per 10,000 firms, 68% more than the ten-year postwar average, with the majority of them among...
...have no second chance to head the Boston & Maine. Was McGinnis really necessary? In its nine months without a president, the Boston & Maine ran on time, improved its commuter service, picked up new freight business and clicked along from a $2,745,000 deficit to a $2,352,000 profit...