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News Story
2/5/2008
Posted by Consumer Watchdog
The San Francisco Chronicle February 5, 2008 by Victoria Colliver, Chronicle Staff Writer Despite efforts by hospitals to curb aggressive collections practices, a study released Tuesday found the uninsured in California still pay more on average for services than government payers such as Medicare. Researchers for the Rand Corp. and the University...
News Release
2/5/2008
Posted by Consumer Watchdog
Yearly 2008 Profit Total for Big Five Oil Companies Still Hits $114 Billion, Picking Consumer Pockets Around the World Santa Monica, CA -- BP, the third-largest of the major private oil companies, capped off yearly Big Oil profit reports with a 4th quarter whimper in part because of payouts from a 2005 refinery disaster. Yet without the...
News Story
2/4/2008
Posted by Consumer Watchdog
The Greenlining Institute is the most recent consumer protection organization to file a petition with the California Department of Insurance over a proposed rate filing by the United States Automobile Association. Greenlining's petition joins an earlier petition by the Foundation for Taxpayer and Consumer Rights. Greenlining said USAA's filing for...
Blog Post
2/4/2008
Posted by Consumer Watchdog
Watching Arnold Schwarzenegger and Gray Davis stand together in front of Los Angeles City Hall this morning made me feel like I was watching a re-run of the California recall campaign of 2003. Only this time, both Arnold and Gray were campaigning to stop the special interests and lobbyists from running Sacramento. Both were stumping for the...
News Story
2/2/2008
Posted by Consumer Watchdog
The New York Times February 2, 2008 by JAD MOUAWAD By any measure, Exxon Mobil's performance last year was a blowout. The company reported Friday that it beat its own record for the highest profits ever recorded by any company, with net income rising 3 percent, to $40.6 billion, thanks to surging oil prices. The company's sales, more than $404...
News Story
2/2/2008
Posted by Consumer Watchdog
The San Francisco Chronicle February 2, 2008 by David R. Baker, Chronicle Staff Writer Soaring oil prices lifted Chevron Corp.'s annual profit to $18.7 billion in 2007, the fourth consecutive year that the San Ramon company made record amounts of money. Chevron, America's second-largest oil company, reported Friday that its annual profit jumped 9...
News Story
2/2/2008
Posted by Consumer Watchdog
Los Angeles Times February 2, 2008 by Elizabeth Douglass, Times Staff Writer ExxonMobil Corp. shattered its own record as the world's most profitable publicly traded corporation, as rising oil prices helped the company bring in better-than-ever income and revenue for the fourth quarter and 2007. Irving, Texas-based Exxon's net income rose 3% to $...
News Story
2/2/2008
Posted by Consumer Watchdog
Contra Costa Times (Walnut Creek, California) February 2, 2008 by George Avalos, Contra Costa Times Increased revenues from higher oil prices set annual record, dwarf setbacks in refining and service station operations Walnut Creek, CA -- Chevron Corp. powered to record profits in 2007 of more than $18 billion and higher profits for its fourth...
News Story
2/2/2008
Posted by Consumer Watchdog
Ventura County Star (California) February 2, 2008 by Jenni Mintz, Ventura County Star For years, oil companies have been cast as villains. That perception didn't change Friday when the two largest U.S. oil companies reported record profits -- again. Last year, ExxonMobil reaped more money than any U.S. corporation has ever made, while consumers...
News Story
2/1/2008
Posted by Consumer Watchdog
CNNMoney.com February 1, 2008 by David Ellis, CNNMoney.com staff writer ExxonMobil made history on Friday by reporting the highest quarterly and annual profits ever for a U.S. company, boosted in large part by soaring crude prices. Exxon, the world's largest publicly traded oil company, said fourth-quarter net income rose 14% to $11.66 billion, or...