CHECK OUT THESE NUMBERS (remember, even though profit is down, they still made profit. It's another case of a blatantly -- and willfully, has to be -- deceptive AmeriKan press. No longer works, guys):
"July 25, 2008
MKS's net income plummets 59%
MKS Instruments Inc., which makes control and measurement products for the semiconductor industry, posted sharply lower second-quarter profit. Net income sank 59 percent to $9.2 million. Excluding amortization of acquired intangible assets and special items, the Andover company's second-quarter earnings plunged to $10.5 million (AP)."
Income "sank" and earnings "plunged," but they STILL MADE $$$$!!!!!
"Missile sales boost Raytheon's results
Raytheon Co., the world's largest missile maker, said second-quarter profit rose 20 percent on increased training work for the US Army and international sales of missiles and intelligence systems. The Waltham company said profit this year will be more than previously forecast.
Profit from continuing operations beat analysts' estimates, climbing to $426 million. Sales gained 11 percent to $5.87 billion.
Per-share profit from continuing operations is now forecast to be $3.80 to $3.95 this year, 15 cents higher than the previous range, Raytheon said.
The firm raised its sales forecast by $200 million to a range of $22.6 billion to $23.1 billion (Bloomberg)."
Yeah, I'd say Raytheon the "defense" contractor is doing just fine, huh?
As are these fellas:
"Profit rises 52% at Thermo Fisher
Laboratory equipment and supply maker Thermo Fisher Scientific Inc. said profit rose 52 percent in the second quarter on strong demand for scientific instruments and solid performance in Asia.
Net income totaled $249.5 million. The company maintained its annual revenue forecast of $10.6 to $10.7 billion (AP)."
"Charges drag down PerkinElmer
Health and industrial sciences company PerkinElmer Inc. said second-quarter profit plunged 29.6 percent on a series of charges for depreciation and amortization, along with stock option compensation costs.
The Waltham company earned $23.7 million. Revenue rose 21 percent to $528.6 million. PerkinElmer said the bulk of its revenue came from the life-sciences division, which provides research and development services and tools for the healthcare and laboratory market.
Revenue rose to $1.01 billion from $840.2 million for the six months ending in June (AP)."
"North American sales boost Zoll
Zoll Medical Corp., which makes resuscitation devices, said fiscal 2008 third-quarter profit rose 33 percent on a boost in North American sales.
For the period ended June 29, earnings were $5.7 million. Revenue rose 27 percent to $100.2 million from $79.2 million (AP)."
So if you are some sort of health conglomerate or defense contractor, money is going to be poured into your coffers.
Then the money managers will make even more money of you, before they tell you your pension is busted!
Oh, and suck up this little gem:
"Lately Fidelity has taken steps to reorganize itself including, last year, becoming a limited liability company, a business form that could save it hundreds of millions of dollars in taxes."
WTF?! When PROFITS are BOOMING?!
Among the financial challenges facing Fidelity Investments are rising competition from other mutual fund companies, larger payroll and employee expenses, and a roiling stock market.
We should all have such problems.
The parent firm of the Boston mutual fund giant posted striking financial results in the first quarter, putting it on track to post strong profits this year, according to a report released this week by Wall Street ratings firm, Moody's Investors Service.
In the first quarter, Moody's said, Fidelity had profit of $478 million on revenue of $3.8 billion. For all of 2007, Fidelity had profit of $911 million, on revenue of $14.9 billion.
The numbers are staggering, aren't they, American shit-chewers?
All from shuffling papers around.
"That's an accomplishment in this environment," Noll said in an interview yesterday, given the stock market's performance this year. Investment companies earn fees based on the amount of assets they have under management, so falling markets can reduce revenues.
Closely held Fidelity doesn't disclose much financial information about itself except for an annual report in the spring. That makes reports from the rating firms one of the few windows into the ongoing business of one of the world's largest money managers.
The results reflect Fidelity's diverse business lines and a net inflow of almost $22 billion into its mutual funds, especially its money market and bond funds. Its performance so far means Fidelity is keeping pace with other asset managers that appear to be weathering the times well, such as BlackRock Inc. and Janus Capital Group Inc. Both recently reported that second-quarter revenues and profits rose compared to a year ago.
So SOME FOLKS are getting RICH of this economy!!!
Where is the OUTRAGE, America?!
Noll said one reason is that all the companies have diversified business operations, such as large investments in bond markets and services for institutional investors, both of which have held up better than equities this year. Fidelity, meanwhile, operates a booming brokerage company and also generates revenue from its unit that provides back-office services for companies, such as payroll and health plan benefits.
Lately Fidelity has taken steps to reorganize itself including, last year, becoming a limited liability company, a business form that could save it hundreds of millions of dollars in taxes.
Well, AIN'T THAT the DEVIL'S PISS, huh?
--MORE--"
You know the best thing about the money casino, readers?
Even if you fuck-up and fuck-over other people and their $$$, you can ALWAYS PLAY YOUR WAY BACK to the TABLE!!!!
"Ex-Sowood executives trying to raise new fund
One year after Jeffrey Larson lost about $1.5 billion in one of the hedge fund industry's most spectacular collapses, he and former Sowood Capital Management legal counsel and managing partner Megan Kelleher have formed Larson/Kelleher Capital Management. "Larson is back and he has been calling virtually everyone in town . . . , " said a Boston investor who was contacted by Larson but declined to be identified so he could speak candidly about the new fund. Larson's $3 billion hedge fund firm, Sowood, lost half of its capital following heavy losses on his bond market investments. Within days, the 50-year-old manager, who once helped invest Harvard University's $35 billion endowment and still managed money for the school in his own fund, was forced to shut down his three-year-old company (Reuters)."
That's AmeriKan business for you -- corrupt and rotten to the core, but with some very elite winners!!!
