The Profit And Loss Reports of Major Companies

With the start of another financial year, all the companies are busy with their quarterly revenues and annual revenues estimations. Some have already released their performance in the previous year amid recession. This time, recession seems to have impacted almost all the industries; but there are some companies, which have confronted recession successfully and reported good profits. The gains and losses of the major companies is as follows

• Google has announced slump in quarterly profits for the first time since 17 quarters. For the last quarter of 2008, Google earned profits of $382 million, less by 68 percent from the 3^rd quarter of 2007.
• General Electric Co. announced a 46 percent decline in its fourth-quarter earnings.
• Microsoft reported an 11 percent drop in its quarterly profits to $4.17 billion from $4.71 billion profits, a year ago.
• The health care products maker Johnson & Johnson reported a 14 percent increase in fourth-quarter profit, with $2.71 billion earnings.
• Citigroup Inc. is doing very badly these days. It has reported a loss of $8.29 billion in fourth quarter.
• Even Bank of America reported a $2.39 billion fourth-quarter loss. It was successful in convincing government for a $20 billion bailout.
• JPMorgan, which said that it is handling recession better than the other banks, reported a 76 percent drop in profits with a profit of $702 million.
• Sony announced its first annual loses in 14 years with $1.7 billion of net loss.
• Apple Inc reported a record quarterly profit of $1 billions with $7 Billion revenues.
• General Motors has lost its 77-year record, of being top player of the auto industry, to Toyota. GM reported to sell 2.26 million vehicles in the quarter less from 2.35 million vehicle sales of Toyota.
• South Korea’s Samsung Electronics reported a first ever-quarterly loss of US$16.2 million in the previous quarter and a slump of 26 percent in its annual profits.

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Toyota out Beats Gm's 77 Year Reign

With its struggle to survive the recession at present, the General Motors has another bad news. It is no longer the world’s auto industry leader. Toyota has surpassed the General Motors the previous year and thus took the crown from General Motors.

Though the General Motors celebrated its 100^th anniversary the previous year, it didn’t expect that it would end its 77-year successful reign in such a tragic way, the same year. At present the General Motors is struggling to restructure with a $13.4 billion bailout form U.S government.

It is just one week back when Toyota declared an annual 4 percent decrease in its business with 8.97 million sales for 2008. General Motors released its poor annual results of 8.35 million vehicle sales, down 11 percent compared to the previous year. Thus the great General Motors of U.S have yielded to its Asian rival Toyota with about 620,000 lesser sales.

Segregation Rises in US Schools

US is going to have the first Black President. People have elected him in spite of all the racism of the nation. But what we see here is that racism is still going on in US schools and has even rised.

In a study from University of California in Civil Rights Project, it was found that the Black and the Hispanics are increasingly segregated from the White students of the school. This segregation even increased since the Supreme Court has declared voluntary desegregation in 2007.

This decision, taken by Supreme Court on Voluntary desegregation, helped local authorities to promote school desegregation. This rather intensifies the trend.

I thought that people are now not much concerned about racism, since they have elected Obama as President. It is pity to be ill treated in an educational place, just because you are not white in color. Let’s wish this leaves our country very soon.

Food Crisis Will Hit Billions on the Earth

What are you going to expect the world to be by 2100?

Skies with traffic of flying cars, tours to other planets, hi-tech gadgets, roaming robots.

But it also means increased pollution, global warming and what is worse is the severe food crisis that is going to hit almost half of the worlds’ population.

According to a study by the US journal science, the temperatures are going to increase at record levels and harm the harvests of staple crops to such a level that there will be famine in all parts of the world.

The majority of the affected will be the citizens of those poor and densely inhabited regions of the equatorial belt. They are already suffering from a severe food crisis and I can’t even imagine what the still worse of the present situation could be.

Have you ever heard of the prolonged summer of USSR in 1972? It affected the global cereal market for two years. The situations would be hundred times worse than that.

Desperate For Income: Beware Of Scammers

The number of jobless has increased to a record level everywhere. You had an income source till yesterday but were laid-off today. Now you are looking for some work which can earn you some decent amount to help you maintain your house.

Well I can’t help you in any way to get a job, but I can help you from losing more money, especially in these crisis times. This is a suggestion against an international scam marauding on money of people who are desperately looking for income.

Work from Home! This has become so popular these days among many citizens worldwide. This popularity is been en-cashed by many scammers and has increased in recent times.

You receive a message in the form of a letter, email, or a call. It says that you can make some good money by some small work from home and you need to pay some money as a deposit for that. You pay the money, as you are desperate for some income.

But as soon as you pay the money you don’t hear anything from them. Before you try to resolve your mistake, your money is gone!

The Pollution behind Outspreading Technology

Global PC penetration is increasing rapidly. People are crazy after mobile phones and other portable gadgets like iPhones, laptops, etc. It is hard to find people without a TV or refrigerator in the nation.

All these news about outspreading technology products are true and may sound good, but not for longer time. You may be using a brand new mobile phone which is rocking the mobile market. How likely is it that you will use that mobile for more than 10 years?

As you are going to buy a new gadget after you are worn out of this mobile, what are you going to do with it? I bet it will go into garbage. And no where from there. They are not going to vanish into thin air from the garbage. They continue to exist on the earth longer than you.

There are many other electronic devices like digital cameras, computers, PDA’s, etc. which are going to prevail the same way as the cell phones.