Articles by Catherine Rampell
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Corporate Profits Were the Highest on Record Last Quarter
Catherine Rampell – The New York Times,
29 Nov 2010
The nation’s workers may be struggling, but American companies just had their best quarter ever. American businesses earned profits at an annual rate of $1.659 trillion in the third quarter, according to a Commerce Department report released Tuesday [23 Nov 2010]. That is the highest figure recorded since the government began keeping track over 60 years ago, at least in nominal or noninflation-adjusted terms.
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