Thursday, August 02, 2007

Business



Nokia, the world largest mobile(cell) phone maker doubled their 2nd quarter profits. The gain is attributed to the company's joint venture with Siemens AG


Viacom, parent company to MTV and Paramount pictures, exceeded profit estimates and earned A LOT!! This is amid the bitter public feud between owner/chairman Sumner Redstone(pictured above) and his daughter Shari was to be heir to the empire but not anymore. The purchase of Dreamworks studio also help boost profits.

Chicago based Boeing won a bid from Ukrainian Airlines for 7 planes with an estimated cost of $523 million.

The FDA/Imported Asian food probe continues. There are reports now of farm raised seafood with disturbing amounts of antibiotics banned in the US like fluoroquinolones(phew mouthful!). The effect they have on humans are they can be cancer causing and also antibiotic resistant. The FDA was also trying to close down several testing laboratories but they have put a hold on that at this time. That's why EVERYONE should shop local (Farmer's markets are this best this season) Also organic sometimes does not mean safe. Shop with care.

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