WSJ By The Numbers - Top 10 for Nov.29
24% Profit Margin: Nestlé is the world's largest manufacturer of infant nutritional products. But in the U.S., the world's largest infant-nutrition market, it has a small No. 3 position in infant formula, behind the two dominant players, Bristol-Myers Squibb Co. and Abbott Laboratories. The profit margin for baby food is among the highest in the prepared-food industry, at 24% in the U.S., compared with 16% for all packaged food, according to Morgan Stanley. >>(Novartis, Focused on Medicine, May Shed Gerber
1.4 million barrels of oil: In Europe, modern diesel engines now power about half of all cars sold. Yet in the U.S., diesel has been stuck in neutral, accounting for just over 3% of U.S. new-vehicle sales in 2005. Environmental Protection Agency study found the U.S. would save 1.4 million barrels of oil a day -- equal to the amount of crude oil the country imports daily from Saudi Arabia -- if one-third of all light-duty vehicles in the U.S. were operated with modern diesel engines. >> Cleaning Up Diesel's Image
10% of Doctors: Now, only about 10% of U.S. doctors have a completely electronic record-keeping system. Intel figures its health-care spending will be as much as a fifth of its research and development costs by 2009. Wal-Mart says the costs for its 1.3 million U.S. employees, if unchecked, will climb $1 billion annually for the next five years. >> Big Employers Plan Electronic Health Records
90.7 million tuned in: The Super Bowl has long represented some of the priciest advertising real estate on Madison Avenue, as the match draws a far bigger audience than anything else on television -- 90.7 million people tuned in for last February's Super Bowl XL when the Pittsburgh Steelers defeated the Seattle Seahawks, according to Nielsen Media Research. In contrast, viewership for this year's Oscars, another of TV's big draws, came to around 38.9 million. >>Super Bowl May Be a Buyers' Market
New No.1 in Market Cap: Bank of America has overtaken Citigroup as the world's largest bank by stock market value. As of the 4 p.m. close of trading on the New York Stock Exchange on Tuesday 11/28/06, Bank of America's market cap was $243.71 billion, 0.1% higher than Citigroup's market value of $243.52 billion. In the four quarters through Sept. 30, Citigroup reported $29 billion in net income and $112.7 billion in revenue. Bank of America made just under $20 billion during the same period, on $74.1 billion in revenue. >>Citigroup Deposed as Cap King
$2M compensation: New York corporate law firms' partners command annual compensation in excess of $2 million. Last year, Sullivan & Cromwell LLP announced bonuses ranging from $35,000 for first-year associates to as much as $65,000. In February, the firm also boosted base compensation for starting associates to $145,000, an increase of $20,000. >>Jury's Still Out on Wall Street Law Bonuses
A compendium of revealing market place stats, key leading economic indicators, and business metrics based on today's Wall Street Journal articles and reports.