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Fortune 500 companies have record profits of $825 billion in 2011
The 500 largest US companies piled up record profits last year, despite a lackluster economy, and energy giant ExxonMobil ousted Wal-Mart as the biggest revenue maker, Fortune magazine said Monday. The combined earnings of the Fortune 500 corporations rose 16 percent from 2010 to a record high of $825 billion…
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