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HSBC is feeling the sting of the American mortgage crisis also.

European bank HSBC reported a 29% drop in first half profits. In the same half in 2007, HSBC posted a $10.9 billion profit, while in the same half this year they posted a $7.7 billion profit.
HSBC holds Household International Inc. partially responsible for the …

Crocs aren’t doing so great anymore.

Crocs aren’t doing so great anymore.

Hopefully the fashion disaster that Crocs created is coming to an end. Shares of the company have fallen 43% today alone to just above $4.00 a share. They are blaming the decline in profits on retailers not reordering their products. Their 52 …

Yum! Cheap food brings in the profits

Happy 3rd birthday Jack and Sasha (2 of my dogs).
Anyway, I read an article today that said Yum Brands reported a 4 percent higher profit in the 2nd Quarter. They say it is because foreign markets are getting in on Taco Bell and other restaurants. …

Well Johnson and Johnson is doing well. Looks like people are still washing their hair.

Well, the dollar is in the crapper. The economy is basically in a recession…BUT Johnson and Johnson posted profits for 2Q. Most of the jump can be thanks to the weak dollar and inflation overseas.
I would like to say that the profits can be linked …