Word: profits
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Dates: during 1950-1959
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...Swiss watch industry met to protest. Maurice Vaucher, president of the Swiss Federation of Watch Manufacturers, reminded the Tariff Commission that Swiss imports "provide a livelihood for 15,000 Americans . . . engaged in the manufacture of cases, dials, watch straps and other accessories . . . and that these imports provide the major profit for 30,000 [U.S.] jewelry stores." Furthermore, the watchmen pointed out, Switzerland buys $5 worth of U.S. products for every $3 worth of its products that it sells...
...from relatives and friends, and $200,000 from banks, they started Seaboard in 1946 with two surplus C-54s. Quipped Art Norden: "If you have one plane, you're a pilot; if you have two, you're an airline." In 1947, Seaboard grossed $269,000, made a profit...
...Western allies, has made a surprising comeback. The allied group controlling the onetime Farben companies reported that the separate companies are doing almost as much business as the combine did before the war. They grossed $550 million in 1951, v. $650 million in 1938; they turned a "fair" profit, as against a $130 million loss in the three years up to 1948. This week the allies turned the companies back to the original Farben stockholders, and authorized public trading in the stock. The companies are going so well, said the allied group, that dividends may be resumed next year...
...tackled the Lackawanna's finances with what he calls the "cut & fit method," consolidated its 18 separate companies into one, and by so doing trimmed its federal income-tax liability by 20%. With the help of World War II's boom, White piled up $32 million in profits for the Lackawanna in ten years. He also chalked up a $9,300,000 paper profit on $3,800,000 worth of Nickel Plate Railroad stock he had bought for the railroad in the hope of a merger...
Died. Irving Wexler, 63, alias Waxey Gordon, onetime (1905) pickpocket who advanced through stickups, slugging, dope-peddling and murder into big-time racketeering; of a heart attack; on Alcatraz. During Prohibition, paunchy, bullet-headed Waxey muscled into a string of New Jersey breweries, cleaned up a profit of $4,555,537 in 1931-32, but paid only $2,615.76 in income tax (for which U.S. District Attorney Tom Dewey put him away for seven years in 1933). In the underworld of Al Capone, Legs Diamond and Dutch Schultz, Waxey luxuriated in a life of $10 silk underwear and shiny Lincolns...