Word: profits
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...Corporate Earnings: The good news is that on Tuesday Johnson & Johnson, maker of such staples like Band Aid and Listerine, reported a 30% increase in its third-quarter profit, besting analysts' average estimates by 6 cents a share. The healthcare conglomerate earned $3.31 billion, up from $2.55 billion in the same period a year ago, attributing its higher earnings to increased sales of consumer goods and medical devices - at least Americans are still buying some products. But not all American consumer-product companies are doing so well. PepsiCo, maker of the popular soft drink, missed analyst estimates; shares...
...Kong's Hang Seng lost 5%, for example, following its 13% surge earlier in the week. Europe suffered similar shrinkage as London's FTSE 100 slipped 3.5% by noon, while Paris' CAC 40 and Frankfurt's Dax both shedded 3.1%. Some of that slippage, market analysts said, came from profit-taking on gains posted earlier in the week. But the major factor came from broader concern and confusion about just how bad - or not - the expected general economic downturn will...
...many French visitors to his restaurant, Au Bon Saint-Pourçain - a stone's throw from the church of St. Sulpice in Paris' tony sixth arrondissement - are also eating and drinking less than usual. "I've checked the accounts," says Bonduel, "and I know I'll make no profit this month...
...PROFIT MONOPOLY...
...jobs will be tougher to come by and profit margins will certainly be lower,” Donaldson continued, “but the system of financial intermediaries will not disappear...