Word: profitable
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Dates: during 1960-1960
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...large going "steadily downhill." For those on the downhill grades I offer the following suggestion: sell rides to commuters for half fare, release brakes, and coast. Any excess kinetic energy may be converted to electric power and sold to the local power company at a modest profit...
...foreign countries. One Miltown tablet costs only .7? to make, testified Carter President Henry Hoyt, but it sells to druggists for 3.3? and retails for about a dime. Why the wide spread? Into every pill, replied Hoyt, Carter figures research costs of .4?, promotion costs of 1?, profit of 1.2?. As for promotion, Carter has a blue-ribbon mailing list of 92,000 doctors, figures it spends 18? a week on each one to push Miltown; the industry as a whole spends much more to promote older medicines -up to 25% of sales-than to create new ones...
...ended 1959 well ahead of 1958. Almost all railroads, whose generally sad financial plight was worsened by the steel strike's effect on business, saw fourth quarter earnings fall. But there were signs that the slump in oil may be over. Standard Oil Co. (N.J.) lifted its profit 11% for the year, made a slight gain in the fourth quarter; fourth-quarter gains were also chalked up by Phillips Petroleum and Standard Oil Co. of California. Jersey Standard President M. J. Rathbone gave the credit for improved earnings to a record sales volume of $8.2 billion, more efficient...
Even companies whose quarterly earnings dropped because of the steel strike were generally able to clear the year in good shape; e.g., Allied Chemical raised its 1959 earnings 46% (to $2.51 a share) despite a quarterly drop of 4% in profits. But nothing could save Douglas Aircraft Co. from a hefty 1959 loss as a result of heavy charge-offs against its new DC-8 jet transport program. The firm reported a loss of $33.8 million, compared with a $16.8 million profit in 1958. However, it expects peak deliveries of DC-8s in 1960 to boost overall sales to more...
Prime Minister Kishi, 63, flew into Washington this week convinced that the logic of the world situation and the profit of Japan require his signature on the revision of the 1951 U.S.-Japanese Treaty. Not all his countrymen agree. In Tokyo 27,000 demonstrators battled police, and thousands of fanatical left-wing students made plain their feelings about the treaty by using the great doorway of the Japanese Diet for their own kind of public protest-a mass urination...