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Posts Tagged ‘profit’

Banks making billions from inflated penalty charges

dollar-stack cashBanks are gouging profit margins of “thousands of per cent” on penalty fees for exceeding credit limits or making late repayments. In the wake of a Reserve Bank report which showed banks raked in almost $1.2 billion in penalty fees last year, confidential analysis by two major banks, obtained by The Sunday Telegraph, has revealed for the first time the true cost to the banks of penalty-fee transactions. It is a fraction of the charge the customer pays, sometimes as low as just a few cents. Full Story : News.com.au….

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Google: We will make YouTube profitable

You TubeGoogle CEO Eric Schmidt has insisted that YouTube will eventually become a ‘profitable and successful’ business, despite suggestions that it will lose hundreds of millions of dollars this year. Google bought YouTube for $1.65 billion (c¬£1bn) in October 2006, after the site rose to prominence as one of the most popular sites in the world and the leading provider of video. Full Story : TechRadar.com…..

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Wal-Mart Profit Tops Expectations

WalmartWal-Mart beat Wall Street‚Äôs expectations, and the chain is gaining market share at a time when most others are foundering. In the quarter just ended, the company reported the strongest sales results in its history ‚Äî nearly $108 billion Full Story : NYTimes…..

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@ a glance : Exxon Mobil posts record $45.2 billion profit in 2008

Another year, another record profit statement from Exxon Mobil, the world’s largest publicly traded oil company. The specific mind-numbingly large figure is $45.2 billion Full Story : Autoblog….

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