Word: cashes
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...years. Also, stimulus spending has turned around the economy and corporate profits faster than normal for a particularly deep recession. The speedy turnaround in corporate profits, which are expected to soar 60% in the fourth quarter, is raising the value of the tax credits because they can be quickly cashed in. What's more, Congress is close to passing a bill that would make it even easier than usual for companies to turn recent losses into immediate cash...
Normally, it can take years for companies to cash in these tax credits, and when they do their value may be greatly diminished if inflation has reared up. But the stimulus is producing a sharp turnaround in the economy, allowing companies to cash in their credits sooner than usual. What's more, continued low inflation is allowing the credits to retain their value. (See the top 10 tax dodgers...
...presented the plans, Marchionne said that Chrysler's financial position is now stronger, following its trip through bankruptcy and a dramatic restructuring that cut more than 18,000 salaried jobs. One benefit: Chrysler's cash reserves have increased from $4 billion to $5.7 billion since the company emerged from bankruptcy in June. "Chrysler was actually profitable on an operating basis in September," Marchionne said as he opened the meeting outlining Chrysler's 2010 to 2014 business plan...
...addition, the new Chrysler is incredibly cheap. We're working at conserving cash," he said. Scott Garberding, the head of manufacturing, added that the goal is to cut operating costs by 8% and boost productivity by 10%. "We're eliminating every form of waste," he said. Chrysler also plans to share more suppliers with Fiat. "It allows us to create joint savings," said Garberding...
...vote prompted an outpouring of cash and other resources from far beyond the borders of the Pine Tree State. From New Jersey, the National Organization for Marriage sent a $1.8 million check to help defeat gay marriage. Gay couples in California and others still heartbroken over the Prop 8 vote sent lots of smaller checks to help bring the 'Vote No on 1' coalition some $4 million. On Tuesday, Californians manned phone banks to help encourage the vote, which Maine's Secretary of State told reporters Tuesday was exceptionally large...