Word: profitted
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Dates: during 1950-1959
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...Boomed the U.A.W. magazine Ammunition in April 1949: As a substitute for straight wage boosts, profit sharing is a "step backward" for workers, adding to the "uncertainty" of their income and forcing them to "pay the cost of a bad decision" by management. Against the menace of profit sharing, the U.A.W. "will continue to fight with everything at hand...
...Standard's fourth-quarter net (to 71?, v. $1.04 a year earlier) gave the world's biggest oil company its first yearly earnings dip in five years. Healthy fourth-quarter gains were run up by International Business Machines ($2.17, v. $1.86 in 1956), which had a record profit year, and Westinghouse Electric Corp. ($1.11, excluding a special tax refund, v. $1.07). Though the earnings trend was down, such surprisingly strong showings in the face of the business slump gave hope to investors that in 1958's first quarter, many companies may feel the recession less than expected...
American Motors President George Romney, who has staked the future of his company on the small car, last week raked in a fat pot. In the first quarter (which ended Dec. 31) of its current fiscal year, American Motors had a net profit of $4,948,736 v. a loss of $2,994,613 in the same period a year ago. The first quarterly profit in two years was due to the upsurge in Rambler sales, which rose 35% over last year's first quarter as production climbed to 41,492 cars...
...line with sales. Romney does not expect the quarterly earnings of 89? a share to continue for the whole fiscal year because the company will have to charge off heavy expenses for vacations, model changeovers, etc. in its fourth quarter, which ends Sept. 30. But he expects a "substantial profit" for the year...
...group of Commerce Department officials went to Russia to negotiate. But the Government ended up without an invitation and with Neuburger in control of the property it wanted to use. Government officials grumped that the U.S. could run a better fair than private enterprise, with its interest in profit, expressed fear that Neuburger would stock the fair with industrial machines and fertilizers instead of U.S. consumer goods that would really bedazzle the Russians. So far, the Government has declined to rent any Moscow space from Neuburger on the ground that it can negotiate only on a government-to-government basis...