Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: tradermike_1999 who started this subject	3/28/2002 6:39:33 PM
From: AC Flyer	Read Replies (1) of 74559

For those poor benighted bearish souls who are (still) waiting for the crash, this will not be good news. FALSE PROFITS FALL? Reuters Finance News Mar 28 6:18pm ET By Jonathan Nicholson ..........The Commerce Department said after-tax corporate profits fell by $50.4 billion in the fourth quarter, the sharpest drop since the first quarter of 1998. But those figures were adjusted to account for the recently enacted economic stimulus bill which gave firms expanded write-offs for some investments made since the Sept. 11 attacks and enhanced their ability to use operating losses from previous years to cut tax bills in the future. The department said the effect was to reduce companies' profits, at least from a taxation perspective. Without that adjustment, the department said after-tax earnings would have risen by $60.8 billion. A separate measure that leaves out tax treatment altogether showed profits from so-called current production were up 17.9 percent, the first gain since the third quarter of 2000 and the biggest jump since the second quarter of 1946.......

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next