Word: reinvested
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...bills designed to help them out of their financing problems. One was a bill introduced by Oklahoma's Senator Mike Monroney that would give U.S. feeder airlines a Government guarantee on any loan from private sources; the other, in the House, would allow airline operators, like homeowners, to reinvest proceeds from the sale of old planes in new equipment without paying a capital-gains tax. Without such help, warned the Air Transport Association's President Stuart G. Tipton, one of the most promising of all U.S. industries will stay "stuck on dead center." Shoppers & Salesmen. The irony...
...built in 1930 at a cost of $10 million. It took sales of $600 million, one-seventh of U.S. Steel's total, says Chairman Blough. to earn enough profit after taxes to pay for the furnace. To pay for expansion in the next five years, U.S. Steel will reinvest earnings of $220 million annually, the profit on about 56% of its sales, will use another $140 million from cash set aside for depreciation. But the other $140 million must be financed by adding to U.S. Steel's current $286 million debt...
...acceptance of responsibility by the working force and a realization that lower labor costs, while presently inequitable when compared to other industry in the area, are a necessity. Management's demand for a wage cut, on the other hand, must carry with it the responsibility on its part to reinvest profits in new machinery that will reduce costs, raise a worker's productivity, and, thereupon, enable wages again to rise. Charles C. Townsend...
...real estate. Its main stock in trade is the "face-amount certificates," which are given to the participants in its various savings plans after payments ranging from six to 20 years. Once the certificates are cashed, I.D.S. gets back about one-third of the money, on average, to reinvest in more certificates or one of three mutual funds it operates. Through these-Investors Mutual, Investors Selective Fund Investors Stock Fund-it owns $386 944 -ooo worth of U.S. securities, second only to Massachusetts Investors Trust (TIME April 9, 1951) in the mutual-fund field...
...profits by selling its securities, but Trust Y does not. Accountants therefore certify that X had a large profit, Y only that realized on dividends. X's stock rises on the news and Y's falls. The financiers then sell their X stock at a profit, reinvest it in the depressed Y stock. Then they order Y to realize its profits by selling its portfolio. When the accountants certify this profit, Y's stock rises, giving the unscrupulous financiers a profit at other stockholders' expense...