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Not everyone is doing poorly in this economy

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formercia Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-11-09 08:38 AM
Original message
Not everyone is doing poorly in this economy
It pays to have friends in high places:

http://www.marketwire.com/press-release/Industrial-Info-Resources-956386.html

KBR Posts $88 Million Fourth-Quarter Profit, an Industrial Info News Alert

Highlighted Links

Industrial Info Resources
SUGAR LAND, TX--(Marketwire - March 3, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Engineering and construction firm KBR Incorporated (NYSE:KBR) (Houston, Texas) has reported a fourth-quarter 2008 net income of $88 million, up 23.9% year over year, on strong revenue across the board, especially in the Services business unit. Net income for the year totaled $319 million, compared with $302 million in 2007. As part of our International Industrial Database, Industrial Info is tracking 43 active projects worth $42.1 billion involving KBR. The largest of the projects is a $12 billion grassroot refinery in Saudi Arabia that Industrial Info has been monitoring since March 2006.

--snip--

They can afford the best lawyers in the World and still walk away with a killing.
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rollingrock Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-11-09 09:14 AM
Response to Original message
1. They make their millions
by ripping off the taxpayers, with the aid of congress of course.
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formercia Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-11-09 01:34 PM
Response to Reply #1
3. It helped to have a former CEO as VP
Edited on Wed Mar-11-09 01:35 PM by formercia
What's good for the Pot is good for the Kettle.
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tjwash Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-11-09 09:33 AM
Response to Original message
2. Oh yeah...defense contractors, and oil companies are gonna do fine.
Too bad they have all of us by the balls.
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