Wednesday, October 15, 2008

6050: FYI 3Q 411.


Profiting with a MultiCultClassics Monologue…

• Coca-Cola reported a 14 percent increase in 3Q profits. While U.S. sales were weak, the overall profit boost came from emerging markets. Maybe the U.S. should trade Coke for oil.

• Delta Airlines reported 3Q losses at $50 million. That’s probably about $1 for every piece of luggage the airline lost.

• Wells Fargo 3Q profits dropped 25 percent. It’s pretty crazy when your profits drop so dramatically, but you’re still able to find $14.4 billion to buy another bank.

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