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May 20, 1982 (vol. 92, iss. 12) • Page Image 1

…The Michigan Daily Vol. XCII, No. 12-S Ann Arbor, Michigan-Thursday, May 20, 1982 Ten Cents Sixteen Pages orporate p-ofits plunge in recession WASHINGTON (AP)- Crushed by the recession, U.S. companies' profits took their second-biggest plunge ever during the first three months of this year, new government figures in- dicated yesterday. Before-tax profits dropped 20.2 per- cent and after-tax profits 17.5 percent from the fourth quarter, hittin...…

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