Group items tagged

In Chicago, parking meters are a profitable deal. In fact, Chicago's parking meter operators are bringing in a profit of approximately $1.1 million per week. Recently, Chicago Parking Meters LLC purchased the right to all parking fees in the city for the next 75 years. The profits will be huge, especially with the city's 36,000 parking meters.

This article is about the declining revenues and profits at Time Warner, one of the world's largest media firms. Time Warner owns news corporations such as CNN, TNT and HBO. The main reason for this is declining DVD sales, but the loss in profits also reflects the change in the way people are viewing and consuming television and movies.

This article from BBC NEWS - WORLD ECONMY to alert bankers that they must realise that world has changed. Alistair Darling said that the party has got to be over for bankers; he wants to use some regulations to force banks to limit the proportion of their profits that they can give out in bonuses and make sure there are no rewards for failure. Mr. darling wants the bankers to behave sensibly at some situations. Mr. Darling's idea is to also have blacklist of countries that are regulatory havens where the rules and regulations companies have to follow are less onerous. In conclusion we could say that this article relates to scarcity because bankers wants to get more and more profits without thinking sensibly, that is why Mr. Darling needs to limit them.

This article is an example of the effects of elements, such as unemployment and competition, on profit

With growing health concerns like obesity and diabetes, the US government is considering placing an additional tax on sugary drinks. The profits from the tax could go to fund health care initiatives. Soda is fairly price elastic - if the price were to change drastically, the demand for it would most likely decrease. So, either people will immediately curb their appetite, or the government will take the additional profits from the tax to educate the population about the adverse effects of sugar overdose.

Rostelecom, a Russian firm, suffered 85 percent profit loss, falling from 9.8 roubles to 1.4 roubles. This was due to a foreign exchange loss.

This article examines profits, production, and also the costs of necessary expenses. It looks at the changes that have occurred in the Devon Energy Corporation since last year. It also looks at how lower product costs affect production of the corporation.

This article is about an large increase in profit of Warren Buffet's investment firm. Revenue increased by two billion dollars in the course on one year.

Discount retailer Dollarama says solid sales driven by new, higher-priced products and the opening of 42 stores last year helped boost its profit in the latest quarter. Although the firm is a dollar-shop, its controversial price tagging of over $1 is bringing product - essntially a price discrimination to increase its profit.

This article is about the profit the insurance, private pension and savings bond businesses of Brazilian banking group Itaú Unibanco had in the third quarter. Business by business, life and private pension plans contributed to this gain. Total profit was $216 million USD.

Along with the many countries throughout the world experienced harship over the economic recession, Canada was also one of them. Despite this crucial damage, Canada is starting to show some improvements from the damage. A Vancouver-based company, Telus Corp. annouced that there had been a weak eocnomic growth in the industry.

Russian steelmaker, Severstal, has posted a net profit of $66 million. The article says this was partly due to the reduction in production costs, thus improving the productive effciency.

With the increasing demand for oil, developers are looking into projects like the Lower Tertiary in the Gulf of Mexico. While such developments could produce as many as 15 million barrels of oil, they would also be plunges into the unknown. Not much is known about the Lower Tertiary, and therefore any possible developments there could obtain less oil - and less profit. However, because oil is in such high demand internationally, the oil developments may actually prove to be economically beneficial to oil producers, given that the producers are willing to take the high risk in searching for the oil.

This article is about a pending deal to stop "banana" wars. This is a dispute over the policy enacted in 1993 to give preferential treatment to bananas from former British colonies, and to put tariffs on other bananas. This distorted the market and created barriers to entry and exit. It also meant that firms in former colonies were making supernormal profit in the European banana market. This deal will put an end to this policy and make move the market for bananas closer to one of pure competition.

Saudi Electricity Co., a state- controlled utility, said third-quarter profit advanced 34 percent on higher tariffs for power in the Arab world's biggest economy. This is relevant to this week's topic because here, tariffs is considered as a major source of government revenue.

Japan Airlines (JAL) has agreed on a tie-up with Delta Air Lines that will mean JAL joins the SkyTeam airline alliance, dropping its membership of the Oneworld alliance. This article is relevant to this week's topic because these alliances of airline companies mutually set pries for tickets and share information amongst themselves - it is an collusive competition. The companies rather "collude" than "compete" so that they can maintain their long-term profits.

The prices of the once popular Crocs must now be altered to suit the falling demand in the market. When Crocs hit their peak popularity, the demand for the shoes increased greatly. Millions of pairs of shoes were produced and sold. Then, demand fell but supply was still high, and now the prices Crocs are selling for must be adjusted so that the demand for them will potentially increase once again.

The government of Switzerland is planning to impose tax on nuclear energy to fund other renewable energy sources. Nuclear powerplants have been give a longer "life-span" from 40 years to 55 years. Supporters for this taxation say that Extra profit created from the nuclear energy could go toward renewable energies such as solar, geothermal or wind power. However, the nuclear safety issues and alternative taxation are still in questions.

Japal Airline is experiencing a massive loss of revenue. The theory of pure competition is relevant to thsi article because if JAL continues to fail to maximize profit and reduce its loss, there are possibilities of the firm to withdraw from the industry.

Air India has lost over a billion dollars in the past year because the current recession has reduced air traffic, and thus profits. This is an example of a market without pure competition, because the firm and others in the industry are losing so much money.