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Tag: Profits


Did Pharmaceutical Firms Exploit Pancreas Problems to Increase Profits?

A sharp reduction in availability and a $350 million per year spike in the cost of a particular class of drugs begs the question of whether prescription drug companies increased their profits by jacking up prices in a created scarcity.

Posted on May 8, 2014 READ MORE


The Monkey Wrench Pope

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Posted on Dec 2, 2013 READ MORE



Illustration by Mr. Fish

The Shame of America’s Gulag

U.S. prisons are the engines of a system of neo-slavery in which corporations feed on the bodies of people of color. Reform is unlikely in the face of enormous profits.

Posted on Mar 17, 2013 READ MORE



Todd Ehlers (CC BY-ND 2.0)

Banks Rake In Highest Quarterly Profits Since 2007

The American banking industry enjoyed profits of $35.3 billion in the first quarter of 2012, the industry’s best performance since 2007, according to the Federal Deposit Insurance Corp. But it did so largely because banks put aside less money to cover bad loans, while keeping a lid on new lending.

Posted on May 24, 2012 READ MORE



glennshootspeople (CC-BY)

Whose Corporations? Our Corporations!

Historically, corporations were understood to be responsible to a complex web of constituencies, including employees, communities, society at large, suppliers, and shareholders. But in the era of deregulation, the interests of shareholders began to trump all the others. How can we get corporations to recognize their responsibilities beyond this narrow focus?

Posted on Apr 7, 2012 READ MORE



Flickr / joshuahoffmanphoto

Plight of U.S. Workers, by the Numbers

You already know Americans are overworked. But what are the hard numbers? This collection of charts from definitive sources plainly shows that the biggest industries are hiring the least, the Internet has extended the workday, employed women do more domestic work with less leisure time than men, and more.

Posted on Jul 4, 2011 READ MORE



Flickr / epicharmus

The U.S. Economy’s Stagnation Problem

The economic indicators for May aren’t pretty, throwing up red flags that American job growth and factory output aren’t enough to carry the U.S. economy into a recovery and forcing a critical look at the way the crisis has been managed. (more)

Posted on Jun 1, 2011 READ MORE



Flickr

Health Insurers Reaping Record Profits

The health insurance industry is raking in profits on the backs of consumers who are increasingly forgoing medical care due to economic concerns, though that hasn’t stopped big insurers from drastically raising premiums. (more)

Posted on May 14, 2011 READ MORE



Flickr / chatswoodfp

Corporate America’s First-Class Recovery

While the rest of us patiently await the signs of economic recovery, corporate America has apparently skipped to the front of the line: Major companies are expecting to announce some of their highest profits in years.

Posted on Jul 11, 2010 READ MORE


What Else Is New? Economy Slumps, Oil Profits Surge

Despite the massive federal stimulus package, national GDP only grew 1.9 percent from April to June, the Commerce Department has announced, and it actually shrank in the last quarter of 2007. Meanwhile, high gas prices, supposedly reflecting costs, spiked profits of oil companies, with Exxon recording its most profitable quarter ever. In fact, reports the NYT, “It was the highest quarterly profit ever for any American company, as Exxon made nearly $90,000 a minute.”

Posted on Jul 31, 2008 READ MORE



Flickr / azrainman

$10.9 Billion Ain’t What it Used to Be

Exxon Mobil made $10.9 billion last quarter, but investors were disappointed that the world’s biggest oil company had only its second-biggest quarter ever. With a product that is harder and harder to find, shareholders who demand even bigger windfalls and consumers who are about ready to revolt, you almost have to feel sorry for the oil companies. No, you really don’t.

Posted on May 1, 2008 READ MORE


Supersized Paychecks for Oil Execs in 2005

CEOs of the largest 15 oil companies averaged $32.7 million in compensation in 2005. This sum is more than twice the amount paid out to CEOs at other “large U.S. firms.” More on the study released by the Institute for Policy Studies and United for a Fair Economy here.  Oink, oink! (via huffpo)

Posted on Aug 30, 2006 READ MORE


Walmart is a dud in Japan
Illustration by Peter Scheer

Wal-Mart Can’t Hack it in Japan

The retail giant has met its match in the Japanese consumer: Seiyu, Wal-Mart’s Japanese division, has posted $465 million in losses for the first half of 2006. It’s not looking good overseas for the shopping mecca?German and South Korean divisions were shut down earlier this year after poor performance.

Posted on Aug 23, 2006 READ MORE


Exxon Posts Huge Profits as Gas Prices Soar

Exxon announced first-quarter profits of $8.4 billion. Gas prices are averaging over $3 per gallon. ‘Nuf said.

Posted on Apr 27, 2006 READ MORE


Study: Oil Company Profits, Not Crude Prices, Are Pumping Gas Prices

Corporate profiteering—not increased crude oil prices, not ethanol switch-overs—is responsible for recent gas price increases in California, according to an independent watchdog group.
Sounds like Enron all over again.

Posted on Apr 21, 2006 READ MORE


Phaseout of Teflon Is Rare Win Against Chemical Companies

With manufacturers like DuPont pouring millions into campaign coffers, it is any wonder that consumer health often finishes second to corporate profits?

Posted on Feb 3, 2006 READ MORE


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