Ford_Financials

Ford Financials FORD MOTOR COMPANY-The No. 2 automaker now anticipates a loss of 50 cents a share in the period, excluding one-time items, instead of the 14-cents-a-share loss predicted by Wall Street analysts, according to earnings tracker First Call. The automaker, which has been suffering from quality problems and the after-effects of last year's Firestone tire recall, blamed increased credit loss reserves stemming from the weakened U.S. economy and higher marketing and product costs. Ford added that "earning a profit would be difficult." The auto industry has been offering zero-percent financing and other strong incentives to drive sales amid the slowing economy and the aftermath of the Sept. 11 terrorist attacks on the World Trade Center and the Pentagon that left thousands dead. U.S POSTAL SERVICE- The Postal Service is a federal government agency, not a private sector business. Moreover, approximately eighty percent of its revenue comes from legally protected monopoly sources. In recent years the Postal Service has created fundamental problems for itself and the American public by not focusing on sound management and cost containment, and by straying from its mission of providing universal mail service at reasonable and nondiscriminatory rates. In February 2001, the USPS chief financial officer advised its ford, loss, share, year, postal, per, service, cents, billion, revenue, period, million, xerox, ago, years, thousands, service's, same, sales, reported, recent, profit, problems, percent, one-time, net, moreover, items, ford, excluding, economy, earnings, costs, compared, cent, been, automaker, analysts, zero-percent, year-end, year's, xerox’s, world, weakened, wall, very, usps, universal, turnaround, trade, tracker, tire