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marc
Supporter
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Posted: Thu Jul 31st, 2008 02:20 pm |
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Exxon has record profit again on soaring oil prices
32 minutes ago
Exxon Mobil Corp (XOM.N) said on Thursday soaring oil prices pushed its second-quarter earnings up 14 percent, again breaking its own record for the highest-ever profit by a U.S. company.
Net income in the quarter rose to $11.68 billion, or $2.22 a share, from $10.26 billion, or $1.83 a share, last year.
Exxon -- the world's largest publicly traded company -- previously set the high-water mark for quarterly earnings in the fourth quarter of last year, when it brought in $11.66 billion.
Despite the new record, Exxon's results lagged behind analyst expectations.
The company posted operating earnings of $2.27 a share in the quarter, which exclude a $290 million charge related to the recent Supreme Court ruling in the Exxon Valdez case. Analysts, on average, had expected the company to earn $2.53 a share, according to Reuters Estimates.
Revenue in the quarter rose about 40 percent to $138.07 billion.
Exxon both produces oil and refines it to make gasoline, and profit margins for gasoline were weak during the quarter, holding back earnings slightly.
The company said earnings from its exploration and production business rose about 68 percent to $10.01 billion. But its refining and marketing earnings fell about 54 percent to $1.56 billion.
U.S. oil prices averaged slightly less than $125 a barrel in the quarter, nearly double prices from a year earlier. Gasoline prices only rose 25 percent during that same period, resulting in weak profit margins for the fuel.
Shares of Exxon Mobil fell 2.2 percent in pre-market trade after its earnings were announced. Through Wednesday's close, they were down about 10 percent this year, underperforming the Chicago Board Options Exchange's oil index (.OIX), which has fallen about 5.2 percent over the same period.
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Dave
Supporter
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Posted: Thu Jul 31st, 2008 01:42 pm |
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Vero Steve wrote:
Randy in Pensacola wrote: damn, crime is that slow that they gotta shoot each other now? LMAO
Well they can't use the black targets anymore some maybe its a new form of firearms training......LOL
I'm just trying to figure out why an LAPD cop was walking around Long Beach with his gun drawn???
It turns out, the guy was carrying a shotgun. Supposedly, he pointed it at the Long Beach cop and got shot for it...
The whole story on this one is sorta sketchy...
And they can't shoot blacks for sport anymore. Too much of that seems to have happened here lately. Lots of noise in the local press. So, yeah, I guess they gotta start shootin' each other now...LOL
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Vero Steve
Supporter
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Posted: Thu Jul 31st, 2008 12:44 pm |
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Randy in Pensacola wrote: damn, crime is that slow that they gotta shoot each other now? LMAO
Well they can't use the black targets anymore some maybe its a new form of firearms training......LOL
I'm just trying to figure out why an LAPD cop was walking around Long Beach with his gun drawn???
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Randy in Pensacola
Supporter
| Joined: | Wed Nov 3rd, 2004 |
| Location: | |
| Posts: | 626 |
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Posted: Thu Jul 31st, 2008 12:35 pm |
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| damn, crime is that slow that they gotta shoot each other now? LMAO
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Dave
Supporter
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Posted: Thu Jul 31st, 2008 12:11 pm |
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Police: LAPD Officer Shot By Long Beach Police
POSTED: 8:20 am PDT July 30, 2008
UPDATED: 6:01 pm PDT July 30, 2008
LONG BEACH, Calif. --
The Los Angeles Police Department confirmed Wednesday that one of its officers was shot and wounded by Long Beach police.
LAPD Officer Sam Park said the officer was shot early Wednesday in Long Beach. The wounded officer was identified as 26-year-old Jason Geggie, a Long Beach resident.
The Long Beach Police Department said the wounded officer is in stable condition.
The Long Beach department said the 26-year-old man was shot at 12:30 a.m. after officers responded to a call of a man walking on the street with a firearm. The reporting party said the man was brandishing a firearm near Termino Avenue and 4th Street.
"Officers responded to a report of a man walking down the street with a firearm," said Zapalski, speaking from the scene of the shooting. "They contacted the man and an officer-involved shooting occurred."
The shooting occurred in the 200 block of Mira Mar Avenue. Geggie was shot in the arm and torso, according to a news release from the Long Beach Police Department.
Geggie was booked for "exhibiting a firearm in the presence of a police officer in a threatening manner" and "exhibiting a firearm at any person in a threatening manner," according to the news release.
Long Beach police said in a news release that their department and the Los Angeles County District Attorney's Office are conducting investigations.
Long Beach police will conduct a criminal investigation, according to the release. The LAPD will conduct an administrative investigation, according to the release.
The department did not release the name of the officer who fired on Geggie.
http://www.knbc.com/news/17037559/detail.html?dl=mainclick
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the preacher
Supporter
| Joined: | Wed Oct 17th, 2007 |
| Location: | |
| Posts: | 144 |
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Posted: Thu Jul 31st, 2008 10:05 am |
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marc:
Thanks. By the way, that was not a rant, it was an answer.
RSDF
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marc
Supporter
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Posted: Thu Jul 31st, 2008 02:17 am |
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the preacher wrote: marc: serious question, not looking to start a discussion, but why do you dislike Bush so much?
Like I said, not wanting to start a discussion, just wondered what the motive/thinking is behind all this hate.
thanks,
RSDF
It is not that I hate him...I have no respect for him and resent what has happened to this country under his watch or his administration...Granted, it is not all his fault but he is supposedly the Commander & Chief and the bottom line stops with him as he said not to long ago...His primary job is to take care of the USA which I believe he has failed miserably at...Just look at where we were before he came into office and where we are now...Just look at our debt, the economy, his spending policies, foreign aid...My biggest issue is the economy, immigration and that he got us involved in a war that we had no business getting involved in...JMHO...This war is killing us financially and spiritually...Just look at the billions that have been wasted on Iraq...Look at all the soldiers that have been killed...For what? And when they come home we don't even take care of them...Those billions should have been spent here in the USA to help Americans...I do not mean to sound selfish but I do not care about Pakistan, the Sudan and those other countries...It is their problem let them deal with it...It is a dog eat dog world and the strong survive...Times have changed...We can't save the world as much as we would like to but we should do whatever the hell we can to save the USA...After we take care of the USA we could help pro USA countries...
I could go on but I will stop ranting...
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zippo
Supporter
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Posted: Wed Jul 30th, 2008 11:59 pm |
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| The constitution gave congress control of the purse strings and so far neither party has shown any restraint in the last 10 years.
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the preacher
Supporter
| Joined: | Wed Oct 17th, 2007 |
| Location: | |
| Posts: | 144 |
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Posted: Wed Jul 30th, 2008 11:38 pm |
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marc: serious question, not looking to start a discussion, but why do you dislike Bush so much? Maybe I am stupid, but I cannot figure out why he is hated so much. Everything I hear him blamed for, he cannot do by himself, the Executive Branch doesn't have that much power. He fired judges, he gets in hot water, Clinton fired judges, thats one of his perks. Clinton DID lie, under oath, but Bush is the big liar. I just don't get it.
Like I said, not wanting to start a discussion, just wondered what the motive/thinking is behind all this hate.
thanks,
RSDF
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marc
Supporter
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Posted: Wed Jul 30th, 2008 07:01 pm |
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jeffy ole boy wrote: Shoot I thought everybody loved George Bush........ Especially me...LOL...
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jeffy ole boy
Supporter
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Posted: Wed Jul 30th, 2008 06:55 pm |
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| Shoot I thought everybody loved George Bush........
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Dave
Supporter
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Posted: Wed Jul 30th, 2008 05:18 pm |
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'Bush hater' and 'fact manipulator'
No shit?
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Randy in Pensacola
Supporter
| Joined: | Wed Nov 3rd, 2004 |
| Location: | |
| Posts: | 626 |
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Posted: Wed Jul 30th, 2008 05:14 pm |
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empty wrote:
It appears the writer of that particular article has a track record of 'Bush hater' and 'fact manipulator'
The hell you say......I cant believe there would be a Bush hater in the media.....
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empty
Supporter
| Joined: | Tue Jun 28th, 2005 |
| Location: | Plano, Texas USA |
| Posts: | 1298 |
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Posted: Wed Jul 30th, 2008 05:08 pm |
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Dave wrote: Congress voted to increase the national debt limit by $800 billion?
But,
Democratic critics charged that the soaring deficits showed the total failure of the Bush administration to put the government's fiscal house in order?
Something just wrong with the whole article. Its full of partisan bullshit.
It appears the writer of that particular article has a track record of 'Bush hater' and 'fact manipulator'
http://state29.blogspot.com/2007/02/martin-crutsinger-from-ap-failed-math.html
http://newsbusters.org/node/3452
http://www.bizzyblog.com/2007/05/13/the-aps-crutsinger-miserably-reports-record-receipts-and-the-falling-deficit/
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Dave
Supporter
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Posted: Wed Jul 30th, 2008 04:44 pm |
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Congress voted to increase the national debt limit by $800 billion?
But,
Democratic critics charged that the soaring deficits showed the total failure of the Bush administration to put the government's fiscal house in order?
Last time I checked, the President proposed a budget and the Congress and the Senate were given an opportunity to tweak it and send it back for signature. Negotiations back and forth until a compromise is reached.
I also don't recall the Executive Branch having the ability to propose anything as far as spending or new laws.
That is part of the duties of the Legislative Branch. Executive Branch can approve or veto only. If there is a veto, that can be over-ridden with a 2/3rds majority on the vote...
Something just wrong with the whole article. Its full of partisan bullshit.
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marc
Supporter
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Posted: Wed Jul 30th, 2008 04:04 pm |
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Shit...Just what we need...More debt...Another opportunity for foreigners to buy into the USA...
Government announces plans to borrow $27 billion
By MARTIN CRUTSINGER, AP Economics Writer1 hour, 22 minutes ago
The Bush administration gave details Wednesday on how it plans to borrow the billions of dollars it will need to cope with the soaring budget deficits.
Those plans include raising $27 billion by selling a new 10-year note and a new 30-year bond at the regularly scheduled quarterly auctions to be held next week. The government needs to borrow $171 billion during the current July-September quarter, the second highest quarterly borrowing total on record.
The increased borrowing needs reflect the exploding federal budget deficit which is projected to more than double in size this year and to hit an all-time high of $482 billion in the 2009 budget year.
The administration released the new deficit forecasts on Monday. It blamed the surge on the sagging economy and the effort to keep the country from falling into a deep recession by mailing out 130 million economic stimulus payments.
Democratic critics charged that the soaring deficits showed the total failure of the Bush administration to put the government's fiscal house in order, however. They contended that whoever wins the presidency in November will inherit a huge fiscal mess that will severely restrain the next president's ability to fulfill his own campaign promises.
The administration projected that the deficit for this budget year, which ends on Sept. 30, will total $389 billion, more than double the $161.5 billion deficit for 2007. For the 2009 budget year, which will cover the first year of the new president, the administration is forecasting a deficit that will surge to an all-time high in dollar terms of $482 billion, far exceeding the old record of $413 billion set in 2004.
That deficit estimate could soar even higher. It does not include the expected full cost of funding the wars in Iraq and Afghanistan or the costs associated with a massive housing rescue measure that Congress passed last week and President Bush signed into law on Wednesday.
As part of the housing measure, Congress voted to increase the national debt limit by $800 billion from $9.815 trillion to a new limit of $10.615 trillion.
The borrowing plans announced by the Treasury Department on Wednesday include raising $17 billion by selling a new 10-year note on Aug. 6 and raising $10 billion by selling a new 30-year bond on Aug. 7.
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Vero Steve
Supporter
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Posted: Tue Jul 29th, 2008 02:08 pm |
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marc wrote: I just saw a referance to this in the New York Times this morning...Harley bought MV Agusta...
http://money.cnn.com/news/newsfeeds/articles/apwire/e6893dba84f13406d927e4449c3182e0.htm
I guess Ducati told then to FO.........
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Dave
Supporter
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Posted: Tue Jul 29th, 2008 11:51 am |
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Interesting...
More heads should be rolling. But, that last paragraph, this is the first I've heard of that. Seems all I've been hearing locally is that Boeing is a bunch of whiners for protesting the contract going to EADS/Northrup/Grumman...
Key Air Force Official on Tanker Program Quits
By AUGUST COLE
July 29, 2008; Page A13
A top U.S. Air Force acquisitions official is stepping down, becoming the most senior weapons buyer to depart since the unraveling of a $40 billion contract to buy aerial refueling tankers.
The Air Force said Kenneth Miller, a senior Defense Department official with more than 30 years of government service, will leave at the end of the month. He was the service's point person with Congress on the tanker program.
Mr. Miller held the title of special assistant for acquisition governance and transparency to the secretary of the Air Force. Before coming to the Air Force in 2005 to help the service with its weapons purchases, Mr. Miller worked for the Navy on a variety of acquisitions-related issues.
In June, the Government Accountability Office found eight major faults with the Air Force's decision to award the tanker contract to Northrop Grumman Corp., which teamed up with Airbus parent European Aeronautic Defence & Space Co. to offer an Airbus plane for the mission. Boeing Co., which lost the competition, protested, leading to the GAO's ruling.
Defense Secretary Robert Gates said earlier this month that he would reopen the tanker competition with a new fast-track bidding process that will deliver a winner by the end of the year.
Mr. Miller technically retired in February after 34 years of service, but Air Force Secretary Michael Wynne persuaded him to stay on. Mr. Wynne, along with the Air Force's chief of staff, was ousted by Mr. Gates last month over the Air Force's handling of nuclear-weapons security. Mr. Miller, a member of the government's senior executive service, couldn't be reached for comment.
The Air Force has been under intense scrutiny over its alleged mishandling of a variety of high-profile weapons contracts, including the plan to buy 179 aerial refueling tankers. Despite efforts to make such acquisitions more transparent and resistant to protests, the GAO has continued to find fault with the Air Force's ability to pick a clear winner.
Before the tanker protest was upheld, the GAO twice found in favor of Lockheed Martin Corp. and United Technologies Corp.'s Sikorsky unit, which disputed the Air Force's decision to award a $10 billion contract for search-and-rescue helicopters to Boeing. A new winner for that program could be decided as soon as October, almost two years later than originally planned
http://online.wsj.com/article/SB121730058289692403.html?mod=googlenews_wsj
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jeffy ole boy
Supporter
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Posted: Sun Jul 27th, 2008 09:10 pm |
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marc wrote: I just saw a referance to this in the New York Times this morning...Harley bought MV Agusta...
http://money.cnn.com/news/newsfeeds/articles/apwire/e6893dba84f13406d927e4449c3182e0.htm
Just so they don't call 'em Harley Agusta... LOL!
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marc
Supporter
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Posted: Sun Jul 27th, 2008 02:16 pm |
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I just saw a referance to this in the New York Times this morning...Harley bought MV Agusta...
http://money.cnn.com/news/newsfeeds/articles/apwire/e6893dba84f13406d927e4449c3182e0.htm
Last edited on Sun Jul 27th, 2008 02:18 pm by marc |
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