- Exxon Mobil reported its best quarterly profit in history, but investors sold off shares in morning trading after expecting even higher earnings because of soaring oil and natural gas prices. — New York Times
- MasterCard Inc., the world's second largest credit-card company, suffered the biggest decline in New York trading since it went public in May 2006 as personnel expenses exceeded analysts' estimates. — Bloomberg
- Have you ever wondered what would happen if you responded to one of those Nigerian scam emails, offering millions of dollars in exchange for moving a little money around or writing a small check? A college student who fell for it shares his story. — Consumerist
- Self-educator activist Josh Kaufman thinks you can skip business school (and the $100,000 loans) and earn a "Personal MBA" by reading the best books in business. He offers 77 of his picks to get you started. — Lifehacker
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mytheresa
There's a whole website dedicated to the stories of people who purposely messed with the Nigerian scammers...I wish I could remember the website address. It's hilarious!
1wow - it's quite saddening to see that exxon is profiting at ridiculous margins while millions of people (myself included!) are suffering with equally ridiculous gas prices. i might start to admire exxon if they used some of those profits to develop an excellent alternative fuel system (i know that they can!) -- but i guess that's not what the point of capitalism.
2Amazingly enough, an attorney I know responded to one of those internet scams - fortunately, the day after he sent a check a colleague learned of it and they were able to stop the transaction before things got too messy.
3Hmm, not a big fan of Exxon's profits.
4Exxon, Chevron, BP...all the guys that are so easy to hate have their hands in all the cookie jars when it comes to supplying energy. They are all heavily involved with natural gas. They own the rights to drill in un-tapped oil banks. They have the tech to develop energy outside of oil. If they don't have it, they'll do a hostile takeover of any and all publically traded companies that do alternative energy (Evergreen Solar, First Solar, Solarfun). They'll take a page out of the pharmaceuticals who are currently snatching up any biotech firm that has a shot at decent phase three results (I wonder how Martha Stewart feels about her sale of ImClone, 40% in 7-1/2 years might not be much, but it beats jail).
If its worth anything, XOM is 4% from its 52-week low, while McDonald's and IBM are near their all-time highs.
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