Subscribe to Dollars & Sense magazine. Recent articles related to the financial crisis. Key US Companies Report Strong 2Q ProfitsFrom The Financial Times, again:Profits boost for US industry Financial Times By Hal Weitzman in Chicago and Michael Mackenzie and Francesco Guerrera in New York Published: July 21 2009 19:22 | Last updated: July 21 2009 19:22 Corporate America took another step along its long road to recovery on Tuesday as companies from the industrial heartland of Peoria to the technology hubs of Silicon Valley reported stronger-than-expected profits and bullish outlooks. The wave of positive second-quarter results from Caterpillar, DuPont and Apple, which came a week after several banks beat analysts’ expectations, fuelled investors' hopes for a rebound in the US economy. Shares in Caterpillar rose nearly 8 per cent on Tuesday after the world's biggest maker of construction equipment un-veiled profits far ahead of Wall Street’s expectations and issued a more optimistic outlook. Its upbeat comments fuelled hopes that the global industrial economy was recovering. The manufacturer is a bellwether of the US economy but also heavily relies on overseas markets. Read the rest of the article Labels: Apple, Caterpillar, DuPont, economic indicators, profits |