Word: profitable
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Dates: during 1960-1960
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...Refined sugar retails for about 13? per lb. in the U.S. and for 70? in Russia, where the government's yearly profit from sugar sales is greater than its total annual investment in all agriculture. The world's greatest sugar producer (7,000,000 tons), Russia may well use the 1,000,000 tons yearly it has agreed to buy from Cuba for reexport through satellite countries...
...nomination, Lott accepted as his running mate Brazil's current Vice President, rabble-rousing P.T.B. Boss Joao ("Jango") Goulart. With Goulart came a platform that includes a broad right-to-strike law for Brazilian workers, strict curbs on the remittance of profits abroad, land reform, profit sharing for industrial employees. This platform brought automatic Communist backing, an estimated 200,000 votes...
...General Electric reduced costs, was able to show a 15% profit increase on a 6% boost in sales. Earnings were $3.19, up from 1958's $2.78, with a 12% gain in the fourth quarter...
...need for cheaper oil for its mushrooming industry. Founded in 1957 with $9,800,000, Arabian Oil secured 44-year offshore concessions from both Saudi Arabia and the sheikdom of Kuwait. The price was steep, but oil-poor Japan had no choice. Instead of the fifty-fifty profit split then prevalent, the Japanese agreed to take only 43% of the profits from Kuwait, 44% from Saudi Arabia. They also promised to build a refinery in Saudi Arabia or in the Neutral Zone, agreed to sell 10% of production to the two nations at a discount, make available another...
...underwriters in order to raise $480,000 of new money -a suspiciously large underwriting commission. To create the appearance of great public interest, promoters sold stock through boiler-room operations, also arranged with cooperating brokers to buy shares, offering to purchase them at cost plus a 1/16-to 1/4-point profit for the broker. Seeing the stock rise, other brokers jumped in, began trading. All told, the SEC discovered, some 190 firms bought and sold Oreclone shares, either as principals or brokers...