Word: offsets
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Bolles admitted that the reduction might detract from the performance of the team, but asserted that this risk was more than offset by the savings it represented of about...
...Gold and dollar reserves slipped $28 million from the 1956 level, but the money went for vital purchases: U.S. corn to offset the effects of a drought and refined petroleum products...
...months, stood at 123.9% of the 1947-49 average. While rising costs of transportation, medical services and food brought the index to a record high, food prices are now declining, which will show up in the index next month. The drop in food prices is expected to offset any rises that may come from fall-clothing and postage increases, thus keep the cost of living relatively stable in the months to come. Said Ewan Clague, commissioner of labor statistics: "My guess is that these will just about balance each other out for the next few months...
...Marrying Sam of the corporate merger business is a Boston pawnbroker's Harvard-educated son named Abraham Malcolm Sonnabend. In the past four years Sonnabend has mated a score or more moneymaking companies with money losers, using the losers' losses as a tax offset against the moneymakers. In so doing, Sonnabend, who learned to wheel and deal as a Boston and Miami real estate operator, has gained control of a hotel, manufacturing and retail empire with 1957 sales of $179 million. Top earners: Hotel Corp. of America with operating revenues of $63 million, Botany Mills with sales...
...Sonnabend to come in and work fast because Studebaker's five-year carryover period for tax losses starts running out next year. Last week Sonnabend reported that he had nine prospective bridegrooms with combined earnings before taxes of $30 million a year-more than enough, he said, to offset Studebaker's past losses. Sonnabend was eager to get on with the wedding, but Churchill wanted to hold up formal publication of the banns until the company's creditors have approved plans to recapitalize, make the debt load more manageable...