Word: pretax
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Dates: during 1970-1970
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...Tomaso calls back and -without revealing the identity of the seller to the buyer-tries to close a deal. The price is usually based on the most recent transaction on the exchanges. Last year, says Tomaso, he handied some $350 million worth of stock deals, enough to put his pretax earnings well into six figures...
...expanded that list by adding such innovators as Janis Joplin, Laura Nyro, Santana, and Blood, Sweat and Tears. Rock moved from 15% of Columbia's volume in early 1967 to more than 50% now. Last year Columbia's domestic division had sales of about $200 million, and pretax profits almost doubled, to $25 million...
...heart of the dispute are Pergamon's profits. Under the accounting formula used by Maxwell, Pergamon had 1968 pretax profits of $5.04 million. But a special audit by Price Waterhouse, published two weeks ago, placed 1968 profits at only $1.2 million and Pergamon's year-end assets at $10.8 million rather than the $16.9 million originally reported...
...year were set by many faded glamour stocks, including American Hospital Supply, Avon Products, Walt Disney Productions, Iowa Beef, National Cash Register, Telex, Texas Instruments and Xerox. At week's end the Government reported signs that the economy was picking up: industrial production and personal income climbed in July, pretax corporate profits barely declined at all in the second quarter and laggard statistics showed that the gross national product rose a bit more than had been calculated earlier. The Dow-Jones average reacted by registering a feeble 31-point gain on Friday...
...fold, and has no desire to acquire large corporations. It owns 110 medium-sized companies in seven fields as disparate as health clubs, plastics, mobile homes, hosiery, industrial equipment, construction and real estate. Since no single member company provides more than 4% of USI's sales or pretax profits, it can weather a downturn better than most competitors...