Finally moving beyond a trading debacle that has stained his once-stellar reputation, Jamie Dimon, JPMorgan Chase's chief executive, on Friday trumpeted a strong quarter of earnings stemming from a surge in mortgage lending.
Yesterday, Oculus CTO John Carmack filed suit against ZeniMax Media for $22.5 million in unpaid earnings stemming from the 2009 sale of his game studio id Software.
When better earnings stem from cost cutting (and the jobless recovery that engenders), there are limits to future improvements in productivity.
The company is to report fourth-quarter earnings on Feb. 2. "The stronger earnings stem from better-than-expected results in both domestic and international operations and savings through cost management," the chief financial officer, Kurt Kuehn, said in a statement.
Mr. Bloomberg, a billionaire who is usually reluctant to discuss his finances, said the bulk of his earnings stemmed from holdings in his media company, which he said was taxed as ordinary income at the highest city, state and federal rates, before he took deductions for charitable giving.
Positive earnings stemmed from the company's focus on cost-cutting as well as improved market share despite the dismal sales climate.
In addition to the earnings decline stemming from the global financial crisis in 2008 and 2009, the bursting of the tech bubble weighed down corporate profits from 2000 through early 2003.
Then subtracting the increased earnings effect stemming from the increased probability of being employed, 0.177 - 0.087 = Δ ln wage + Δ ln hours 0.09 = Δ ln wage + Δ ln hours.
He's maintaining an "overweight" rating in McDonald's shares, partly based on potential upward earnings surprises stemming from improved European results or falling beef prices.
Michael Weinstein, a JPMorgan Chase analyst, said the better-than-expected earnings stemmed mainly from the extension of the research and development tax credit, which was not uniformly reflected in Wall Street models.
Most of Energen's earnings growth stems from exploration and production operations.
