Recession-free zones

Despite a lot of economic doom and gloom, it is clear that there are some recession-free zones – some very rich companies that continue to rake in the cash! Exxon Mobil reported the biggest annual corporate profit in US history last week, $45.2 billion. That’s $5 billion up on the previous record – guess who – Exxon Mobil’s profits in 2007.

And even in the banking sector it is not all bad news. The Commonwealth Bank of Australia, ASB’s parent company, announced a profit upgrade this week. CBA said that growth in credit demand and deposits would result in an interim cash profit later this month of $2 billion – 20 percent higher than forecast.


0 Responses to “Recession-free zones”

  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

You can contact us at:

0800 FINSEC (0800 346 732)

Creative Commons License
Join Now 0800 FINSEC

RSS LabourStart – act now to help other workers

  • An error has occurred; the feed is probably down. Try again later.

Finsec Photos



%d bloggers like this: