Word: profitted
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Dates: during 1950-1959
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...that the best and safest method is to buy a partnership in a European firm. Faced with much stiffer competition in the common market, European manufacturers are eager to get U.S. cash and technical know-how to help them meet it. A U.S. firm, on the other hand, can profit from its European partner's intimate knowledge of his market and area...
...recognizing that the newer wonder drugs do command high prices, the manufacturers long since have cut the price of the older standbys, such as penicillin and streptomycin, so low that they are added in large amounts to animal feed. Said Bristol-Myers' President Frederick N. Schwartz: "Our average profit on all antibiotics sold in 1957 was less than 1? per dose...
...antibiotics industry has let consumers in on progress. From 1951 to 1956 output doubled, but average prices were cut so much that the industry's income decreased (see chart). The FTC also acknowledged that the business is cruelly competitive. Unless a maker gets in fast, makes a profit with a new product and keeps on finding newer products, he soon loses...
Some dollar signs of recovery appeared last week in still another anxiously regarded sector of the U.S. economy: corporate profits. A few hard-goods industries still showed losses; aluminum earnings reflected the profit-cutting effects of a 2?-per-lb. price cut in April. Except for small-car-champion American Motors, Detroit's automakers bumped steadily on through their worst year in a decade. Railroads continued to lose. But many another industry reported itself over the worst of the recession, with improving sales and earnings. Steel earnings climbed along with the operating rate at the mills. Most chemicals also...
Ibec Housing signed a contract with the intergovernmental Pan American Union, which developed the press at the Inter-American Housing Center in Bogota, will pay royalties to the P.A.U. The company expects to sell the Cinva-Ram Block Press at a profit and should find a big market. Close to 2,000 inquiries already have poured in to the P.A.U. and Ibec Housing...