Word: profit
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...step and a markedly different business for YouTube. The site's revenue comes from the advertisements (served by corporate parent Google) that run along with the video clips. But the site, which incurs massive bandwidth costs from millions of simultaneously streaming videos, has yet to turn a profit. YouTube has long had an interest in partnering with major studios for a foray into the rental business, but at this point it is late in the game: Apple's iTunes began offering movie rentals in 2008, and Amazon.com has a movie store as well. The 800-pound gorilla in online cinema...
Learning Through Libraries collaborated with FEPADE—a Salvadoran non-profit organization that encourages educational development across the country—to create a documentary photography workshop in one school, mural projects in two schools, and libraries in all three...
...problem before it becomes a bigger problem than we can tackle," says Rafael Cestero, commissioner of New York's Department of Housing Preservation and Development. "Ownership of rental properties in New York City is a long-term proposition, and if you do it right, you can make a fair profit, but trying to make a short-term investment is where you can get yourself in trouble...
...they did in the last three months of 2009. In two words: not good. Citigroup and Bank of America lost roughly $8 billion and $5 billion, respectively. The credit-card and mortgage businesses of JPMorgan Chase, which reported their earnings last week, were a disappointment. Wells Fargo posted a profit, but nonperforming loans and related charge-offs both jumped. Morgan Stanley turned a profit in the fourth quarter, but it was less than what analysts expected. Even earnings growth at Wall Street powerhouse Goldman Sachs somewhat slowed. (See the best business deals...
...Federal Reserve has pressed the cost of the capital for the banks down to zero, and they still can't earn a large profit," says top Wall Street strategist Robert Arnott of Research Affiliates. "That's a problem...