Word: profit
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...economy companies seem helpless against the dizzying pace and technology of the digital age, Enron is demonstrating why FORTUNE magazine keeps voting it the most innovative large company in America. For years the Houston-based firm simply produced, transported and marketed natural gas. Then, as energy deregulation threatened profit margins in the gas business, Enron discovered it could make billions by trading and brokering packages of energy the way Midwesterners do pork bellies. Now Enron is moving into the telecommunications business, with a national fiber-optic cable network and a floor bulging with Sun supercomputers...
...very real doubts" about the necessity of the grounding given that British Airways' planes have improvements that the Air France fleet does not. According to financial analysts, the Concorde has also been a moneymaker for BA, contributing around $300 million to annual revenues and about $30 million to operating profits. Air France squeaked out an estimated $2 million in profit on $125 million in revenues last year...
...While dealing with the ongoing Firestone p.r. disaster (and watching its stock slip 10 percent), Ford had to close two plants making high-profit Ranger trucks just to free up replacement tires. The tire flap is growing: A tire expert and former Firestone/Bridgestone employee is calling for a widening of the recall to all sizes of the ATX series, and next month John McCain wants to drag everybody concerned in front of the Senate Commerce Committee for public hearings...
...documents, first reported in the Los Angeles Times, are on the loose that make Ford - which practically resurrected the American-built car with its safe and reliable Taurus, and has positioned itself as the greenest of the American auto behemoths - sound like just the kind of big, heartless, profit-driven company Al Gore says he's gunning...
...looks to be done for the year, or at least until after the election, and where the market goes from here is no longer up to Greenspan. Investors could get back to focusing on earnings reports and profit forecasts, although mental knots over news like that produced a very dispirited July for NASDAQ. Or the next object of suspense could be the Time Warner-AOL merger decision, due in the fall from the FCC, which could set the regulatory climate for at least the next year (Time Warner, of course, is parent of this site). Or even the election...