homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


Subscriber content preview

November 20, 2015

Corporate America has a problem: Profits

  • The main culprit is the plunging price of oil, but there's also the strong dollar, slowing growth overseas and weak retail sales.
  • By MARLEY JAY
    AP Markets Writer

    NEW YORK — Corporate America has a profit problem. U.S company earnings are falling for the first time since 2009, when the economy was still reeling from the Great Recession.

    The main culprit is the plunging price of oil, which has decimated earnings at big energy companies like Exxon Mobil and Chevron. Mining companies have also taken a beating because of tumbling prices for gold, silver and copper.


     
    . . .


    To read this story in full login or purchase a subscription.



    
    Email or user name:
    Password:
     
    Forgot password? Click here.