BUSINESS
11/24/2010 08:57 am ET | Updated May 25, 2011

Despite Soaring Corporate Profits And Productivity, But Many U.S. Companies In 'Perpetual State Of Recession'

Companies slashed 8.5 million jobs during the worst recession since the Great Depression, while also slowing capital investment plans. Campbell, the world's largest soup maker, DuPont Co., the third-biggest U.S. chemical maker, and United Parcel Service Inc., the world's largest package-delivery business, are asking workers to help save cash by working smarter with existing technology. A potential cost: Efficiency gains reduce the chances recession-casualty jobs will come back...

Some 142 non-financial companies in the S&P 500 had improvements in operating margins of three percentage points or more from the final three months of 2007, when the previous expansion peaked, compared with the most recent quarter, according to data compiled by Bloomberg as of yesterday.

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