Tag: last quarter

The economy shrank by 0.3% last quarter. If the next quarter is the same we are then officially in a recession. But all isn’t bad. Shell had a 22% increase in profits and Exxon Mobil set a new record for the highest profit ever. At least someone is getting rich – or what I like […]

The Boston Herald reports today that Exxon is expected to make more than $10 billion in profits for this quarter. Kind of nice for a company that has not felt the crunch of Hurricane Katrina like all other Americans are. Oil companies came under new fire yesterday when it emerged that ExxonMobil’s profits are likely […]