Word: boosted
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Everybody had known that the excess-profits tax, and the retroactive boost in the new tax bill, would nip profits. But few realized how deep the bite would be until G.E.'s President Ralph Cordiner last week provided the first blue-chip example. G.E., which had set aside $38.5 million for taxes in last year's third quarter, this year had to set aside $59 million to take care of a retroactive boost to Jan. i. As a result, in spite of a $36 million gain in sales, G.E.'s net ($15.6 million) was less than half...
...team received a real boost when he first came to us from Cleveland," the wizened bone bender said, "and I think that he'll do the team a lot of good...
...such as aluminum window-blinds, may be trimmed to 15% of their peak production. ¶ Automakers will be allotted enough steel, copper and aluminum to turn out 930,000 cars in the first three months, v. 1,605,611 in 1951'S first quarter. But if they can boost output by utilizing existing stocks and substitute materials, they will be authorized to turn out 1,006,000 cars. ¶ Housebuilding will be maintained at 800,000 units a year, freight cars trimmed from 9,000 a month to 6,000, steel for hospitals and schools...
...Senate tax-writers managed to knock out some measures which the House had approved (a 10% withholding tax on dividends, a boost in long-term capital-gains taxes), and inserted others which the House had omitted. Most important Senate change: corporate taxes will be levied on undistributed earnings of farm cooperatives, mutual savings banks and building & loan associations, which are now tax free...
...extended his modernization program to his other plants, from Pennsylvania to Rhode Island, man-hour output doubled: a worker who could operate only one of the old machines was able to tend two new ones with the same amount of effort. "We had our troubles convincing the union to boost productivity," says Kahn, "but we were firm. You have to help them understand that labor has as big a stake in industry as management...