Corporate America preserves profits by cutting costs


	Corporate America preserves profits by cutting costs

kelvin273

7-25-2009 5:00 AM

39 views

tags:

business, cost cutting, profits

kelvin273 says:

So basically, companies make profits the same way in a recession as they do when times are good.

Add a Comment

Login to Comment. Not a member yet? Sign up

Today's Top Clips

visit the Top Clips page

View the Top Clips from July 25, 2009

Embed This Clip In Your Site...

<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/1b7f5958-9834-4af3-8f32-d22d92c73a74/E889942C-49F8-4155-8CB9-FF50D09C62BB/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.msnbc.msn.com/id/32131382/ns/business-us_business/" href="http://www.msnbc.msn.com/id/32131382/ns/business-us_business/" style="font-size: 11px;">www.msnbc.msn.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.msnbc.msn.com/id/32131382/ns/business-us_business/"><P class="textBodyBlack"><SPAN id="byLine"></SPAN>NEW YORK - Corporate America is turning a profit again, but only by spending less, not making more.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.msnbc.msn.com/id/32131382/ns/business-us_business/"><P class="textBodyBlack"><SPAN id="byLine"></SPAN>Big names such as Caterpillar, IBM, Whirlpool, Pfizer, 3M and Lowe's boosted profit forecasts for 2009 following a slew of second-quarter earning reports that blew past lackluster expectations. Yet the gains aren't coming from sales.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.msnbc.msn.com/id/32131382/ns/business-us_business/"><P class="textBodyBlack"><SPAN id="byLine"></SPAN>Rather, companies are slashing everything from jobs to perks to boost the bottom line and please <A class="iAs" classname="iAs" href="#" target="_blank" itxtdid="10703922">investors</A> who have responded by pushing the major stock indexes to their highest levels in months.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.msnbc.msn.com/id/32131382/ns/business-us_business/"><P class="textBodyBlack"><SPAN id="byLine"></SPAN>Companies have cut spending in big and small ways. At Google, employees no longer get free bottled water. Starbucks, meanwhile, has shuttered hundreds of stores.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.msnbc.msn.com/id/32131382/ns/business-us_business/"><P class="textBodyBlack"><SPAN id="byLine"></SPAN>The frugality is paying off. Of the nearly one-third of the nation's largest companies that have reported second-quarter earnings so far, 76 percent have topped analyst expectations, according to Thomson Reuters.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/E889942C-49F8-4155-8CB9-FF50D09C62BB/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

New from the makers of Clipmarks: Amplify.com - Don't just share the news...Amplify it!

Clipmarks: Home; New Clips; Top Clips; Dashboard

Popular Topics: News; Life; Science; Technology; Entertainment

Get Started: Sign Up; Install Clipping Tool; How Clipping Works; Clip-to-Blog™; ClipSearch

Tools and Resources: FAQ; ClipWeek; Top Clippers; Top Tags; Site Map

About Clipmarks: About Us; Contact; Copyright; Privacy; EULA

Search Options

Today's Top Clips