Word: profitable
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Dates: during 1960-1960
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...stock market last week made the biggest one-week rally in its history, rolling up a spectacular gain of 25.90 on the Dow-Jones industrial average. The market advanced steadily through the week, was turned back slightly at week's end by profit taking after the sixth successive rise. It ended the week at 654.88 on the industrial average, highest since Jan. 15, adding nearly $10 billion to the value of stocks on the exchange. The business picture had changed little, but Wall Street's psychological mood had obviously changed, and the bulls roamed the Street with little...
...rounds of Moscow churches. One of them would dress in rags and rattle a tin cup at the church door while the other whipped out of the car's luggage compartment an assortment of crucifixes, icons, tracts and lamps and did a brisk business at a fat profit until the counterfeit beggar tipped him off that the cops were coming. One day the agents of the Department for Fighting Theft and Speculation seized...
Producers may get as much as 50% of the net profits, much of the remainder going to backers. Broadway production can be immensely profitable, but the risks are high. This season 53 productions made it to New York, of which 40 were failures, losing a total of $5.2 million: according to the producers. This season's 13 hits have so far earned a clear profit of only $244,000, by the producers' reckoning...
Died. William Saunders Jack, 71, a machinist turned A.F.L. business agent, who in 1940 founded Ohio's Jack & Heintz Inc., makers of aircraft equipment, parlayed a $100,000 initial investment into a Congress-stirring $6,000,000 wartime profit (after taxes) despite boundless employee bonuses (his secretary's 1941 gross: $39,356); after a long illness; in Rancho Santa Fe, Calif...
...fell on hard times in the Depression, ij-year-old Hal took a job as a timekeeper for a San Francisco construction company, rose to general superintendent in a year, soon was out building houses on his own. Hayes believed that the way to find a market and a profit was to build houses cheaply on an assembly-line basis. A skilled inventor, he patented more than a dozen devices, including collapsible steel forms, that enabled him to put up entire houses in a few days. He once put one up in 34 minutes as a stunt...