That's what I do when I post their articles.
"Quarterly Profits Climb for Colgate and Procter & Gamble"
CINCINNATI, Oct. 30 (AP) — Procter & Gamble and Colgate-Palmolive reported big jumps in quarterly profits Tuesday. But the two consumer product companies’ stocks headed in opposite directions after P.& G. issued a cautious outlook in the face of rising commodity costs and consumer uncertainty.
Shares of Colgate, based in New York, rose 1.4 percent after the company, the maker of Colgate toothpaste, Palmolive dishwashing liquid and Irish Spring soap, posted a 22 percent increase in profit for the third quarter.
Shares of P.& G., Colgate’s bigger Cincinnati-based competitor, whose brands include Tide detergent, Gillette shavers and Crest toothpaste, dropped by 4 percent after P.& G. reported a 14 percent profit rise for its first fiscal quarter.
Colgate’s earnings climbed to $420.1 million, or 77 cents a share, for the quarter that ended Sept. 30 from $344.1 million, or 63 cents a share, the previous year. Excluding charges, including some for reorganization, earnings totaled $466.4 million, or 86 cents a share, compared with $402.6 million, or 73 cents a share, a year earlier.
Quarterly revenue rose 12 percent to $3.53 billion, from $3.14 billion in the prior year, Colgate said. P.& G. said its net income grew to $3.08 billion, or 92 cents a share, from $2.7 billion, or 79 cents a share, a year ago. Excluding a German tax benefit of 2 cents a share, the company earned 90 cents a share in the latest period, a penny more than analysts had expected.
Sales rose 8 percent to $20.2 billion, from $18.79 billion a year ago. P.& G. expects margins to be lower temporarily because of higher commodity and energy costs and investments in concentrated formulas of Tide and other liquid detergents.
And 'cause the American public can't afford their shit products!
P.& G. plans to pass along some of its rising costs for oil and raw materials by raising prices on products including Pampers diapers, Charmin toilet paper and Olay and Ivory personal cleansing products.
So they made BUKU PROFITS, but they are going to GOUGE the American consumer anyway!
Well, FUCK YOUR "needed" beauty products.
Needed" only because SHIT LIARS in ADVERTISING SAY YOU DO, ugly!!!!
Both companies reported broad-based growth and strong overseas sales, helped by the weaker dollar.
The PROFITS are always coming from OVERSEAS, notice that, readers?
Amurka's economy is SHIT!!!!
But not foreign ones!
"Germany: BASF Profit Soars"
The German chemical company BASF said its third-quarter profit nearly doubled on improved sales across all its divisions, notably agricultural chemicals, fertilizers and plastics. The company, based in Ludwigshafen, said it earned $1.74 billion in the July-September period. Sales rose 5 percent, to $20 billion. The company said a spate of acquisitions helped push sales higher in the quarter and in the first nine months of the year (AP October 31, 2007)."
"Japan: Profit Rises for Komatsu"
Komatsu, the Japanese maker of earth-moving equipment, said profit rose for a fourth straight quarter and raised its full-year forecast as demand grew in China, Southeast Asia and the Middle East.
Where's America?
Net income climbed 43 percent to $413 million, the company said. Sales in the period, which ended Sept. 30 and was the second quarter of Komatsu’s fiscal year, gained 17 percent. Komatsu countered the worst United States housing recession in more than a decade by taking advantage of an oil-funded construction surge in the Gulf nations and a bid by China to develop its hinterland (Bloomberg October 31, 2007)."
Looks like everyone is making money and growing -- EXCEPT the American People!!!!!
Guess I'll go to a movie:
"The Third ‘Shrek’ Helps Quadruple Profit at DreamWorks"
Aaaaaaaaaaahhhhhhhh!!!!
LOS ANGELES, Oct. 30 (AP) — The animated sequel “Shrek the Third” helped DreamWorks Animation SKG quadruple its third-quarter profit, as the film neared $800 million in worldwide revenue, the company said Tuesday.
The company reported net income of $47 million, or 47 cents a share, for the quarter that ended Sept. 30, compared with $10.5 million, or 10 cents a share, for the same period last year.
Revenue nearly tripled to $160.8 million, compared with $55.6 million in the year-ago period.
The film contributed $92.1 million in revenue during the quarter, primarily from international box office receipts. The company, based in Glendale, Calif., said its fourth-quarter earnings would rely on the home video release next month of “Shrek the Third.”
Well, I know one movie the kid won't be finding under the tree!
But it cautioned that intense competition from the DVD releases of blockbuster films, like “Spider-Man 3” and “Harry Potter and the Order of the Phoenix,” could hurt sales."
Gee, you think Dream Works can absorb the challenge?
Or will they go broke?
Like the banks?
"Mortgage Woes Push UBS to Its First Loss in 5 Years" by NICK CUMMING-BRUCE
GENEVA, Oct. 30 — The Swiss bank UBS reported its first quarterly loss in five years on Tuesday as a result of bad investments tied to subprime mortgages in the United States. And although it also predicted a return to group profits in the fourth quarter, the news left analysts uneasily considering the likelihood of further big write-offs.
Despite the positive fourth-quarter outlook, UBS warned that its fixed-income business “remains exposed to further deterioration” in the American housing and mortgage markets. UBS said it did not expect its investment bank to return to profitability in the last three months of the year.
Christopher Wheeler, an analyst at Bear Stearns in London, expected more bad news:
“I don’t think everything is done and dusted. They are going to take a big hit in the fourth quarter.”
Subprime losses at UBS overshadowed healthy growth in other areas of the bank’s business.
Its wealth management operations, the world’s biggest, attracted 40.2 billion francs in new money and generated net profit of 2.4 billion francs. Equity underwriting and corporate advisory services delivered big gains in net fee and commission income.
So SHUFFLING PAPER is BIG$$$$$$$$!
But the big concern for UBS remains the extent of its exposure to the shaky housing market in the United States.
Mr. Wheeler, the Bear Stearns analyst, predicted that UBS would have to make further write-downs of $1.5 billion to $2 billion in the fourth quarter:
“A large chunk of fourth-quarter earnings are going to get wiped out.”
Analysts also questioned whether UBS had been aggressive enough in dealing with its exposure to the American housing and mortgage market, comparing its response unfavorably with that of Merrill Lynch, which last week wrote down $8.4 billion, its biggest loss ever.
Kinner Lakhani , an ABN Amro analyst:
"[UBS had twice the exposure of Merrill but had marked down barely half as much]. The impression they left the market at the start of the month was that we were unlikely to see further major markdowns, [but the third-quarter results did not] leave a high level of confidence that this is it.”
Open you mouth for the rolling shit, Amurkn!
But China's Banks did fine:
"Reserves at Bank of China"
HONG KONG, Oct. 30 (Reuters) — Bank of China, the country’s flagship foreign exchange lender, posted a 23 percent rise in third-quarter profit Tuesday as the mainland economy boomed, but also booked $643 million in provisions and reserves to account for its exposure to American subprime mortgage-backed bonds.
SMART Chinese!!!
A smaller rival, Bank of Communications, which has not reported any subprime-related exposure, said third-quarter net profit nearly doubled to $794 million.
So how do you feel, Amurkn?
"Consumer confidence falls to 2-year low" by Associated Press October 31, 2007
Not surprising!
NEW YORK - With Christmas only about eight weeks away, shoppers are feeling more forlorn about the economy. For retailers, the consumer confidence report, which showed its third straight monthly decline, heightens worries the holiday shopping season will be challenging after a disappointing fall.
Uh-oh!! Poor Amurkn businesses and people!
LITERALLY!!!
For investors, it raised concerns that consumers' growing wariness was another sign the economy may be slowing too much. Consumer spending accounts for two-thirds of US economic activity.
Fuck investors!!!
They've raped us and stolen our clothes (and houses), while they've made out like BANDITS!!!
So FUCK THEM!!!!!
Shoppers are contending with a slew of problems: higher food and gas prices, a deepening housing slump, and tighter credit, among them.
Like I said: FUCK the INVESTORS!!!!!!
Oh, and don't forget to mention the TRILLIONS for this MISBEGOTTEN and ABOMINABLE WAR!!!!!!!
A report on US home prices yesterday offered little hope housing prices will recover soon. According to the S&P/Case-Shiller index, US home prices fell nationwide in August for the eighth consecutive month.
Ah, HOME, SHIT HOME!!!!!
That's all right, though.
The lying government is telling you everything is great,
"Economy Grew 3.9% in 3rd Quarter"
while Big Ben just filled your bowls for you, Amurka!
"Fed Lowers Key Interest Rate by a Quarter Point"
EAT UP and ENJOY!!!!
Hey, this bowl is empty!
"Wall Street Fluctuates After Rate Cut"
