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NEW YORK - The stock market thinks the economic recovery is under way. It had better be right.
The stock market's recent rally has been based on expectations for a pick up in profits. If they don't materialize, the market could be headed for a fall. By msnbc.com's John W. Schoen.
Profit at China's top state-owned companies fell 30 percent last year, hurt by the global financial crisis, but assets have increased.
A gaggle of big banks have repaid their loans to the government under the $700 billion financial rescue. Is there a chance taxpayers will eventually recoup the rest of the money spent on this and other bailouts — and maybe even take in a little profit?
The U.S. government has hauled in about $4 billion in profits from large banks that have repaid their obligations from last year's federal bailout, The New York Times reported Sunday.
The “stress tests” for banks are over. The results have been made public. For some of us, the stress may just be starting.
A new report shows Nevada's major hotel-casinos had a huge drop in net income in fiscal 2008 as a global economic downturn worsened, hanging onto $721.2 million or a third of what they netted in the previous year.
Two key Republican lawmakers say there's a powerful silver lining in the taxpayers' $700 billion bailout of the financial system: It has already earned the government more than $8 billion in profit.
The many Bernard Madoff investors who withdrew money from their accounts over the years are now wrestling with an ethical and legal quandary. What they thought were profits was likely money stolen from other clients in what prosecutors are calling the largest Ponzi scheme in history. Now, they are confronting the possibility they may have to pay some of it back.
Each passing day seems to drop a fresh dose of bad news on the economy.
Conventional wisdom had long held that some industries would collapse if oil topped $100 a barrel. As oil neared $150, sending costs higher for everything from jet fuel to plastic jars, the question was how many companies would succumb.
As giant oil companies like Exxon Mobil and ConocoPhillips get set to report what will probably be another round of eye-popping quarterly profits, just where is all that money going?
The 51-43 roll call by which the Senate blocked a bill that would have imposed a 25 percent tax on any "unreasonable" profits of the five largest U.S. oil companies.
Saved by Senate Republicans, big oil companies dodged an attempt Tuesday to slap them with a windfall profits tax and take away billions of dollars in tax breaks in response to the record gasoline prices that have the nation fuming.
With two of the three presidential candidates proposing a gasoline tax “holiday,” some readers are wondering: Why can’t the government do more to cut gas prices?
At a time when a quarter of the world's fisheries are considered depleted, can commercial fishermen make more money by fishing less?
Google Inc. launched an initiative Tuesday to help charities and other non-profit groups use maps and satellite images to raise awareness, recruit volunteers and encourage donations.
Does "net neutrality" violate the First Amendment?An interesting perspective, from The Goldwater Institute and Americans for Tax Reform.
Ford Posts an Unexpected Profit of $997 million - NYTimes.comThe Ford Motor Company on Monday posted a surprise third-quarter profit of $997 million and said it had its first profitable quarter in North America in more than four years.
Insurance companies are full of actuaries, accountants, and statisticians. They have rooms full of mainframe computers and large and talented staffs who run them.
FACT CHECK: Health insurer profits not so fat WASHINGTON – Quick quiz: What do these enterprises have in common? Farm and construction machinery, Tupperware, the railroads, Hershey sweets, Yum food brands and Yahoo? Answer: They're all more profitable than the health insurance industry.
Mexico's Telmex says profits down 11.9 pct in 3Q - AOL Money & FinanceMEXICO CITY -Telecommunications giant Telefonos de Mexico SA posted a 11.9 percent drop in third-quarter profits on Wednesday, saying increased competition and an economic slump hurt sales.
Geithner aides made millions on Wall StreetObama administration officials now working on fixing and regulating the financial system were beneficiaries of several million dollars in pay from Wall Street and private equity companies, it has been revealed.
JPMorgan Chase Reports Strong Profit of $3.6 BillionA year after accepting a bailout from Washington, a resurgent JPMorgan Chase reported another round of surprisingly strong profits on Wednesday, strengthening its position at the pinnacle of American finance.
United HealthCare's Death Panels; I don't Want to Die for your Profit I am writing to request that your decision to no longer cover the drug amount prescribed by my doctor be reviewed. See, United is coming in between my doctor and me, instead of acting as an insurance company.
Real Story Of Health Care Denial I'm at the end of my rope. What CIGNA is doing to me is—well, it's outrageous. I have a brain tumor. Doctors are ready to help me. But CIGNA has been blocking me from getting testing and treatment for two years, while almost doubling my premiums.
Here's something to think about. Insurance companies have entire departments full of actuaries, statisticians, economists, and super-computers. They can look at all the variables and set their rates and outlays to per-determine a specific profit.
US firms quit Chamber of Commerce over climate change position |Nike and Johnson and JohnsonNike and Johnson & Johnson among corporations resigning from business organisation in protest over chamber's resistance to 'cap-and-trade' legislation
Swine Flu Document Lists Sports Arena As Mass Vaccination CentreIt appears that the majority of U.S.
Our health care system is a mess. So far as I can remember it went astray with HMO's, when insurance companies began to dictate who got what coverage, what doctors we could see, and what specific illnesses it would cover.
Is THIS How the Bank Bailout Money is Being Used?Bankruptcies and Foreclosures constitute a money-spinning operation for the financial giants.
U.S.: Insurance Co.'s Claims on Reform "Misleading"Medicare officials are warning the insurance company Humana that it may be breaking federal regulations by sending letters to its beneficiaries that falsely claim seniors would lose benefits in the Medicare Advantage program because of Democrats' health care reforms.
Economic Duplicity: Recession and Record ProfitsKaren Weaver of Deutsche Bank observes that Alt-A mortgages are already mostly underwater. The combination of resets plus severely underwater status will likely exacerbate defaults and foreclosures. [2].
Health insurance industry places profits over patients and needs reform, former industry workers say - Cleveland.comWashington - The U.S. health insurance industry places profits over patients and needs reform, ex-insurance company workers and relatives of patients who fought seemingly arbitrary claim denials told a congressional subcommittee on Wednesday.
Red Light Camera Vendor Not Doing So Well With Public Opposition Driving Down Its RevenueThere's been significant growing opposition to red light camera programs, which have a long history of showing absolutely no safety benefit, and are often run for-profit by local governments in combination with private companies.
In Pfizer's Cancer Battle, Profit But Little ProgressPfizer's fortunes in the past were built on cardiovascular drugs, like the cholesterol buster Lipitor and the blood pressure pill Norvasc.
U.S. Recovery Leaving Workers Jobless May Stoke Company Profits, "It's great for business and terrible for households..." Feroli said.Sept. 4 (Bloomberg) -- Employers kept Americans' working hours near a record low in August, indicating that economic growth is poised to reward companies with added profits while postponing any recovery in the job market.
Money Driven Medicine: What's Wrong with America's Healthcare"Money-Driven Medicine is one of the strongest documentaries I have seen in years and could not be more timely. The more people who see and talk about it, the more likely we are to get serious and true health care reform." -Bill Moyers
After Agreeing To Reduce Drug Prices, PhaRMA Intimidates Lawmakers Who Support Drug RebatesThe background is rather straightforward. Back in 2003, the Medicare part D legislation moved the six million Americans who were eligible for both Medicare and Medicaid into the Medicare part D program. This created a windfall for the industry.
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