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Flood of profits delights stockholders and budget chiefs
A surge of 1964 corporate profits across steel, oil, chemical, drug and machine companies boosts after tax earnings to an estimated 32 to 34 billion dollars. Major firms like Bell System and IBM report strong gains, while tax receipts and personal incomes rise. unions threaten labor costs as 1965 prospects look solid.
MENTIONED IN THIS ARTICLE
AP Business News
New York
U.S
Treasury
Republic
National
Pittsburgh Steel
American Telephone & Telegraph
Bell System
Texaco
Socony Mobile
Sun Oil
Union Oil of
California