U.S. Companies Park Profits Overseas, Avoid Taxes
Large American companies are parking more of their profits overseas. A Wall Street Journal analysis found that 60 big companies shielded more than 40 percent of their annual profit from U.S. taxes.
Large American companies are parking more of their profits overseas. A Wall Street Journal analysis found that 60 big companies shielded more than 40 percent of their annual profit from U.S. taxes.
Yum Brands warned Monday that it expects its profit for the year to decline as the parent company of KFC, Pizza Hut and Taco Bell continues to reel from a controversy over its chicken suppliers in China. A drop in 2013 would snap an 11-year streak of profit growth of at least 13 percent.
Weaker-than-expected holiday sales of Apple's iPhone reinforced fears that it is losing its dominance in smartphones, driving its shares down 9 percent in premarket trading and drawing another round of stock price target cuts.
JPMorgan Chase reported a record quarterly profit Friday. The bank said it made $5.3 billion in earnings for common shareholders, a widely used measurement, from July through September, up 36 percent from the same period a year ago.
It's not a small world after all for Disney. The family entertainment giant served up mixed financial results on Tuesday night, spearheaded by the most profitable quarter in the company's history.
I recently penned a column pointing out that when America "lost" the TV manufacturing industry to Japan, it wasn't necessarily a bad thing, because the business has become a low-margin money loser. A lot of readers disagreed.
On the surface, it appears daily deals purveyor Groupon is more popular than ever. It ended 2011 with 33 million active customers in 47 countries, and it's growing fast. But look closer, and there are signs that "Groupon fatigue" is kicking in.
What if Facebook's IPO offering isn't actually outlandishly priced? What if $100 billion is actually a reasonable price? Let's go over a few of the reasons Facebook stock may be cheaper than worrywarts are leading you to believe.
BP has big problems, and not just because of the Gulf of Mexico oil spill and the $20 billion compensation fund it set up to pay the victims. The petro-giant has been missing Wall Street's profit targets lately, thanks to sloppy operations and a general trend toward lower gasoline consumption.
The economy may be ugly for workers, but most companies are making money. In fact, many Wall Street darlings are checking in with record profits. Then again, most doesn't mean all. Here are five notable companies that are losing money this year -- and possibly beyond.
Apple has had a great few weeks of sales with the iPhone 4S, but somehow, it's latest quarterly report sent the stock down nearly 6%. The new CEO blamed the rumor mill for cutting into last quarters iPhone sales, but the real issue may have been more a matter of timing.
Coca-Cola reported strong second quarter results, with growth coming from emerging markets like China and Russia. Coke is the leader in the Chinese market, and with it projected to keep growing at a rapid rate, the nation is a key part of the company's plan to double its 2009 revenues by 2020.
After successfully revising its business processes and restructuring its operations in Europe, premium cosmetics maker Revlon now plans to implement similar changes in its operations globally. Trefis examines how those changes worked in Europe, and what they mean for the company's future profits.
Walgreen, the leading U.S. pharmacy chain, recently increased its quarterly dividend by 28.6%, the largest increase in the company's 110-year history, from 17.5 cents a share to 22.5 cents a share. But is it giving away cash it's really going to need for its expansion plans?














