Word: profits
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Dates: during 1960-1969
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...half-year sales and earnings were reported last week, many a corporate executive might wish that stockholders would believe the figures did not really count. Though hopes were high that the chart lines would soon be moving up, the news in the latest batch of reports was largely negative. Profits had been caught between higher labor and material costs and lower consumer demand. The Wall Street Journal, surveying earnings of 528 companies, found that their aftertax profit for the second quarter was 8.1% lower than last year's. In a similar survey of 500 corporations, the New York Times...
...goes the industry, and "The Corporation's" Chairman Roger Blough glumly reported last week that the quarter had gone badly. U.S. Steel showed a 44% decline in quarterly earnings and a 34% drop for the half-year, to $84.6 million. Second-biggest Bethlehem reported a half-year profit drop of 28%, to $66 million. Third-ranked Republic was off 26% for the half-year in earnings, and Inland, Armco, Crucible, Wheeling and Jones & Laughlin came in with similar returns...
Even so, the Administration is not complaining about inflation. One reason is that, by selling its remaining silver on the newly ebullient market, the Government stands to make a handy $30 million to $50 million profit...
...amalgam were purchased by the railroads and designated Railway Express Agency. After World War II, the combination began to fail, and in 1959 there was even talk of nationalizing it. Giving in to pressure from Washington, the railroads in 1961 changed Railway Express from a cooperative to a profit-and-loss company. Though still railroad-owned, it was granted a more liberal routing and pricing structure. To shed the railroad image and to give more emphasis to the best performing division, Air Express, its trade name was changed to REA express...
...American council on Education, a non-profit agency in Washington, D.C. which represents more than 1500 colleges and universities, issued the following policy statement two weeks ago. The Council's most significant recommendation was that universities should not keep membership lists of student organizations, especially those related to matters of political belief or action...