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Re: Inflation?

By: capt_nemo in ALEA | Recommend this post (0)
Fri, 28 Oct 11 7:42 AM | 79 view(s)
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Msg. 06159 of 54959
(This msg. is a reply to 06157 by killthecat)

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Exxon said it had no control over high oil prices.


Really,,,,,,,,,,,,,,, Cheesy Grin




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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Inflation?
By: killthecat
in ALEA
Fri, 28 Oct 11 5:31 AM
Msg. 06157 of 54959

NEW YORK (AP) — Procter & Gamble Co. said on Thursday that its fiscal first quarter profit fell 2 percent because the higher prices consumers are paying for its products like Gillette razors and Crest whitening strips were not enough to offset its rising costs for oil and other raw materials.

HARRISBURG, Pa. (AP) — Hershey, the nation's second-largest candy maker, on Thursday reported a 9 percent increase in its third-quarter profit, citing higher prices and strong Halloween sales.

NEW YORK (AP) — Dow Chemical Co. said Thursday its third-quarter earnings jumped 59 percent on higher prices and sales growth in Asia and Latin America that countered lower sales volume closer to home.

SAN FRANCISCO (AP) — Redbox's DVD rental kiosks are attracting movie lovers fed up with Netflix's video subscription service. But now Redbox's owner, Coinstar Inc., is risking its own customer backlash by raising its prices.

NEW YORK (AP) - Exxon made almost $11 billion and practically apologized for it. Sensing public outrage over gasoline prices that have topped $4 in some states, the company struck a defensive posture Thursday after posting some of its best quarterly financial results ever.

Exxon said it had no control over high oil prices.


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