WSJ By The Numbers - Top 10 for Oct.20

A compendium of revealing stats and the key leading economic indicators and business metrics based on today's Wall Street Journal article and reports:

Google Net Soars, Propelled By Overseas Growth: Google 3Q profit nearly doubled and revenue soared 70% to $2.69 billion. Excluding commissions paid to marketing partners, revenue was $1.87 billion. Google revenue grew 79% in 1Q'06, 77% in 2Q'06  and 96% in 3Q 2005. Yahoo Tuesday reported a 38% decline in third-quarter net income. 

Google's international sales contributed 44% of its third-quarter revenue, rising from 39% a year earlier. Google posted net income of $733.4 million, up 92% from a year earlier. Google shares jumped $33.32 to $459.38 in after-hours trading, follwing the earnings results.

One U.S. Chain's Unlikely Goal - Pitching Chinese Food in China: KFC first opened in China in 1987. About 16% of KFC's parent Yum's profit came from China last year. Yum operates almost 2,000 KFC and Pizza Hut restaurants in nearly 400 Chinese cities, almost three times as many as McDonald's. KFC is the largest chain in China. 2,000
Yum in China
Our Small Defense Budget: The $528 billion spent on national defense in fiscal 2006 equaled about 4% of U.S. GDP. defense spending as a share of the economy in 1940 was 1.7% and  reached a postwar high of 14.2% in 1953 during the Korean War, 9.5% in 1968 at the height of Vietnam, and 6.2% in 1986 at the peak of the Reagan re-armament. Defense spending then took a rapid plunge from 4.8% in 1992, falling to 3% by the end of the 1990s. $528B
Cingular Wireless Net Jumped in 3rd Period: Cingular Wireless added 1.4 million customers to reach a total of 58.7 million in the third quarter. The average monthly revenue per customer -- a closely watched metric in the industry and on Wall Street -- ticked up slightly to $49.75 during the quarter, the first year-over-year increase since Cingular acquired AT&T Wireless in October 2004. 58.7M

At Nokia, Handset Sales Jump But Revamp of Unit Hurts Profit: Nokia, the world's largest cellphone maker, said it shipped 88.5 million phones in the third quarter compared with 66.6 million units a year ago. The No.2 Motorola shipped 53.7 million handsets in the quarter. Nokia raised its full-year forecast for the global mobile phone market to 970 million units, from around 915 million. This new forecast represents year-over-year growth of 22%.

Nokia Handsets
Ad Woes Worsen at Big Newspapers: Merrill Lynch cut its newspaper-ad revenue forecast for this year to flat from 1.2% growth and revised its 2007 forecast to a drop of 1.5%.Tribune's online-ad revenue climbed 28% to $61 million, still only a fraction of the size of the publishing division's ad revenue. The company reported net income of $164.3 million. -1.5%
Newspaper Ads

Home Run: Dow's First Close at 12000: Dow is now up a solid 12% this year. The Russell 2000 is up 14% for the year, compared with 9.5% for the broad Standard & Poor's 500-stock index. Hedge funds manage about $1.2 trillion compared with about $9.6 trillion at mutual funds, but their buying could make a difference. According to some estimates, hedge funds are responsible for more than 40% of daily stock trades.

Bank of America's Strong Results May Push It Over Citigroup: Bank of America might inch past Citigroup to become the world's largest bank by stock-market value, Citigroup was valued at $247.92 billion at the close of regular trading, compared with $243.05 billion for Bank of America. Bank of America shares are up 15% this year, compared with 2.8% for Citigroup shares. Citigroup's net income for the latest quarter was $5.51 billion on a revenue of $21.42 billion. At Bank of America, profit hit $5.42 billion as revenue rose 32% to $18.7 billion. $248B
ICBC Completes World's Biggest IPO: ICBC, China's biggest bank, completed the world's biggest initial share sale late last night, raising as much as $21.9 billion, besting Japan's NTT Mobile Communications Network, whose $18.4 billion IPO in 1998 had been the biggest. ICBC and China's second- and third-largest banks have raised more than $40 billion in the past 12 months.  $21.9B

China Tourism Shares Take Off: China's per-capita income surpassed $1,700 last year, rising from $1,300 in 2004, and analysts say that also has greatly stimulated domestic tourism. By 2010, China's National Tourism Administration expects total tourism revenue to reach 1.27 trillion yuan ($160.6 billion), thanks to 10% average annual growth. Last year, tourism revenue grew 12% to 768.6 billion yuan, or 4% of the nation's GDP.

China Tourism

Money-Fund Assets Fell in Week: U.S. money-market mutual-fund assets decreased by $3.23 billion to $2.261 trillion in the week ended Wednesday, according to the Investment Company Institute. Assets of the 877 retail-class shares increased by $1.51 billion to $934.88 billion, while assets of the 1,134 institutional-class shares decreased by $4.73 billion to $1.326 trillion.  


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