Word: profitted
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Dates: during 1950-1959
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...second time in its 108 steady years, the New York Times this week made public its annual report. The figures for 1958 confirmed the point made by the report for 1957 (TIME, May 5), i.e., that the Times is willing to make only a thin profit in the interest of producing a news-thick paper. On gross newspaper revenue of $85,576,162 in 1958, the Times netted $166,052-less than one-fifth of 1%. For the handful of public stockholders (some 200), the picture was not quite as grey as that figure indicated. The Spruce Falls Power & Paper...
...raise its per-share earnings from $2.76 last year to $2.81. The Bell System, announced President Fred Kappel, added about 725,000 new telephones in the quarter, 66% more than in the first three months of 1958. The telegraph wires were also humming; Western Union announced a first-quarter profit of 55? a share...
...With sales up 12% in the first quarter, Borg-Warner Corp.'s President Robert S. Ingersoll announced a 45% hike in earnings, noted that Borg-Warner has "a very substantial portion" of the parts orders for the Ford and General Motors small cars. Admiral Corp., reported a profit on a sales rise of 15%. Said President Ross D. Siragusa: "All the bad things are behind...
From the Council of Economic Advisers came a report confirming what most businessmen suspected: profits are back to prerecession levels, and climbing. At $21.6 billion for the fourth quarter of 1958, after-tax profits showed a $3 billion jump from the third quarter; undistributed profits, or the money companies still have after taxes, dividends, etc., were up to $9.8 billion, the highest level since the first quarter of boom year 1957. The high profit level, plus the assurance of a fine first-quarter report for 1959, gives U.S. industry plenty of money in the bank to keep the recovery rolling...
...Electrical, Radio and Machine Workers. Its purpose: to blast General Electric Co., whose decentralization program (TIME, Jan. 12) has created heavy, if temporary, unemployment in cities where plants were shut down. The film shows troubles in Fort Wayne, Ind., Lynn, Mass. and Bloomfield, N.J. A Presbyterian minister argues: "The profit motive has destroyed the human personality." I.U.E. President James Barron Carey himself pleads for sympathy from G.E. and its shareholders...