While fast food corporations reap vast fortunes, taxpayers finance $7 billion in public assistance for the workers. Twin studies released at noon Tuesday estimate that the majority of families of front-line fast food workers use public assistance, at a taxpayer cost of nearly $7 billion a year, while seven publicly-traded […]Read more ›
Post Tagged with: "Profits"
Chrysler swung to a $212 million profit in the third quarter and boosted its profit forecast for 2011 Thursday, driven by strong sales and the benefits of its alliance with Italy’s Fiat. It was just the second time Chrysler posted a net quarterly profit since emerging from a government-backed bankruptcy […]Read more ›
ZURICH – Swiss bank UBS AG overcame a 1.8 billion Swiss franc ($2 billion) rogue trading loss to post a smaller than forecast fall in third quarter net profit on Tuesday as its core wealth management business performed well. Managing money for wealthy clients held up well, with strong inflows […]Read more ›
Chemical maker DuPont posted a higher-than-expected quarterly profit on Tuesday due to a double-digit price hike and raised its 2011 earnings forecast, pushing its shares up more than 1 percent. Strong demand for titanium dioxide, a key white pigment used to make paint and other consumer goods, fueled much of […]Read more ›
Some of Berkshire Hathaway Inc’s largest units will post record profits this year, but the conglomerate’s housing-related businesses are doing as poorly as they ever have, Chief Executive Warren Buffett said on Tuesday. Speaking at a Fortune magazine event, Buffett said Berkshire’s Burlington Northern rail unit, its MidAmerican energy unit, […]Read more ›