Word: profiteered
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...about the recent U.S. decision to allow imports of boxed beef from Canada as long as it comes from cattle younger than 30 months. "The big packers are making a killing up there, buying Canadian cattle from the feeders at hardship prices, then shipping it down here at a profit of $30 a hundredweight," complains Haaland...
...overhauls its product lineup, GM is also improving financially. Although the company has relied heavily on buyer incentives to hold on to its 28% market share, it is still turning a profit. In 2002 GM earned $1.7 billion on sales of $187 billion. By keeping production costs in check and reducing its pension liability with a more risk-averse portfolio, GM impressed investors enough to end 2003 with its stock price up 37%. GM also boasts the highest productivity of the Big Three, requiring 36.7 worker-hours to build a vehicle, compared with nearly 40 at Ford, according...
...declares Ford chairman and CEO William Clay Ford Jr. That would be nice. Ford has been leaking money the way an old radiator does water, losing a combined $6.4 billion in 2001 and 2002. The No. 2 U.S. automaker, with sales of $133 billion, expects to post a slim profit...
...report issued by the Center—a non-profit, non-partisan Washington, D.C.-based research group—found that college and university employees have contributed over $2.4 million dollars to presidential campaigns for the 2004 election, with $719,000 going to Dean, more than $680,000 to Bush and more than $325,000 to Sen. John Kerry, D-Mass...
This year Google will make an estimated 30% profit on revenue approaching $1 billion, according to Safa Rashtchy, an analyst at U.S. Bancorp Piper Jaffray. Right now 32% of all Web searches go through google.com That number shoots to around 70% when you count searches on sites like AOL.com which licenses Google's technology. Meanwhile, in the real world, Google has just finished moving its 1,300 employees into new headquarters in Mountain View, Calif., previously the offices of former Silicon Valley golden boy (and current Silicon Valley crater) Silicon Graphics. Early next year Google is expected to offer stock...