This is the third time I have written about Exxon Mobil breaking the record for the largest profit ever reported by a U.S. corporation and I’ve only been blogging since April!
This time Exxon Mobil reported net income of $14.83 billion for the third quarter of 2008. The new record reflects a 58 percent increase in profits over the same […]
Most people are too busy paying attention to the stock market to know that oil has taken a plunge, too.
Oil dropped below $92 per barrel this morning. This is major considering the record high of $147+ earlier this summer.
When oil reached a record high in July it was the hot topic for traders, analysts, consumers, and […]
While watching CNBC, this morning the anchors reported an interesting statistic (sorry I couldn’t type fast enough for a quote verbatim!): In February 2008 when oil was trading at $100 a barrel, the nationwide average gas price was $3.06 per gallon, but today when oil is trading near $100 a barrel, the average price per […]
Gustav spared the Gulf Coast and sent oil prices running south today.
October crude oil dipped as low as $106.75 at the NYMEX and closed down 5 percent at $109.71.
Over the weekend, Iran’s Oil Minister Gholam Hossein Nazari said that $100 a barrel is the lowest suitable price for oil, which is over 30 percent less than the record […]
It’s hard to talk stock trading, on a day when the markets are closed!
In the non-Labor Day observing world, the Dow Jones STOXX 600 (European index) closed slightly lower by 0.3 percent. But, oil stocks were subject to a selloff after the industry’s Gustav-induced supply fears were quieted.
Hurricane Gustav was downgraded to a Category 2 storm, but was previously predicted to […]
Burger King had a whopper of a quarter!
The fast food giant posted a 42 percent increase in profits for the fourth quarter, which ended on June 30. Same store sales were up 5.3 percent worldwide, right behind McDonald’s which posted a same store sales increase of 6.1 percent.
BK has made some major adjustments in the […]
On July 11, crude oil hit a record of $147.27 per barrel and on July 16, the nationwide average for regular unleaded gasoline hit a record of $4.114 per gallon.
Less than one month later, the price of oil has dropped just below $120 per barrel and the price of gasoline has dropped to $3.862 per gallon. The […]
Exxon Mobil has posted the largest quarterly profit ever for a corporation in the United States: $11.68 billion. The company held the previous record and this is beginning to sound like a broken record!
Exxon Mobil’s record earnings should come as no surprise, as they were mainly driven by record crude oil prices.
The second quarter results revealed that revenues […]
The price of toiletries has gradually risen since 2008 began and will rise again very soon.
Manufacturer Kimberly-Clark is planning to increase prices on items such as tissues, toilet paper, and diapers.
For Kimberly-Clark, sales in the recently ended quarter were up 11 percent, but the price of commodities has eaten away at their profits. The company has raised prices […]
Back in May, American Airlines announced that it would cut its capacity by 3-4 percent this year, with domestic capacity cuts of approximately 8 percent.
Today, the company announced that it will now cut over 7,000 jobs by the end of 2008, representing an 8 percent reduction in the size of their global workforce.
American, and the entire airline industry, […]
Where talk is money.
Written by Tisa Silver [email] for b5media.
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