Word: profitted
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Dates: during 1950-1959
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...only useless and possibly dangerous but exorbitantly priced," Nutritionist S. William Kalb of Newark told a congressional committee investigating advertising for "dietless" reducing treatments. Dr. Kalb passed out samples of a brand made of skim milk and lemon juice, estimated that the manufacturers made "about a 400,000% profit" on the pills. Added Dr. Kalb relentlessly: Diet is the only way to reduce...
...plane order for Thunderstreaks because Republic Aviation Corp. was unable to build the jets fast enough. The Air Force gave the contract to G.M.'s Buick-Oldsmobile-Pontiac assembly division at Kansas City, Kans., agreed to pay the automaker all costs plus a 5.9% profit on an initial order of 71 planes, with the understanding that this cost experience would be used in figuring later profits. As it turned out, said Auditor Powers, in subsequent negotiations to set a price on installments of 228 and 300 planes each. G.M.'s cost estimates, inadequately checked by Air Force representatives...
...week's end G.M.'s President Harlow H. Curtice had made no public reply other than a terse announcement stating that the company had completed its plane contract "to the satisfaction of the Air Force over two years ago," with an overall profit of 5.4% after taxes-"a reasonable rate of profit and substantially below the rate realized by G.M. on its commercial business." But the GAO still wanted the money back, though it did not say how it proposed...
...Concrete. Ever since the mid-1930s a few big, weather-wise companies have had prophets for profit on their staffs. As early as 1937, San Francisco's Pacific Gas & Electric hired Meteorologist Charles Pennypacker Smith to forecast temperatures in northern California, where a 1° drop can change gas demand by 40 million cu. ft. But the real boom in private weathermen came after World War II, when a flood of new meteorologists and new techniques from the armed forces became available to industry. Now, at fees ranging from $25 for a short-range forecast...
...turn the profit, volume and efficiency curves skyward again, the industry counts on new jets, which will start coming into service in 1959. But they are expensive to buy and operate. An 80-to-112-passenger Boeing 707 costs as much as $5,250,000; its captain may get up to $30,000 annually (v. top pay of $25,000 in DC-7s). Yet many airmen fear that they may not be able to complete payment on the jets. The trunk lines' profits are so shaky that they have been able to find firm financing for only...