Word: profit
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Dates: during 2000-2009
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...while, it seemed as if the market lemons were on the rebound. Never mind that aluminum producer Alcoa missed earnings estimates after hours yesterday with a 52% drop in profit. Or that Bank of America was down again, 3.7% at one point, on continued worries over its need to recapitalize. Other financials, which had been battered hard on Tuesday, like J.P. MorganChase & Co. and Citigroup, seemed to be heading up significantly, as was bellwether General Electric, which had seen its shares hit hard the last few months over its exposure to the credit crunch. By day's end, however...
...financial bullets - a handy trait at a time when so many once-swaggering investors are bleeding. The flagship fund at his Boston-based company, Weiss Asset Management, hasn't suffered a single losing year in 17 years. Even amid the carnage of 2008, he has eked out a small profit - so far, at least...
...federal government can and should encourage buyers to head back into the real estate market by announcing that people who buy a home during the next year will be exempt from federal income tax if and when they later resell that home for a profit. Driven by the profit motive - and tax-free profit at that - real estate investors and others would soon begin snapping up short sales, foreclosures and any other bargains they could find. Unsold housing inventories and mortgage foreclosures would decline, and the housing market would be on its way to recovery. Good old-fashioned capitalism would...
...Fund estimates that Africa will post economic growth of 6.5% this year, although the world credit crisis could trim that to 5%. And the Organization for Economic Cooperation and Development reports that a larger share of the money coming into Africa since 2006 has been investment by entrepreneurs seeking profit rather than...
...Grossman said, “and the topics around the dinner table were on business, including successes and disappointments. As a result, I found business intriguing from a very early age.”These discussions included the question of how to balance the pursuit of profit with maintaining one’s integrity.“I remember talking with my father about the intersection of making money and the preservation of your reputation,” Grossman said. “He taught me that it was possible not only to be proud of your bottom line...