It’s time once again for our Finance News Quiz. Seeing how we didn’t do anything for Earth Day this week, we thought we’d make up for it by offering a free book that deals with gasoline, your pocketbook, and the economy at large. The book is Future Energy: How the new oil industry will change people, politics, and portfolios, by Bill Paul, published by John Wiley & Sons.
In case you missed our first Finance News Quiz last week, here are the rules: e-mail your answers to editor@rockyourstock.com with “finance news quiz” in the subject line. Include your contact details in the e-mail itself. And most importantly: if you want your name entered into the draw twice, leave a comment on our blog and tell us your thoughts on how we’re doing.
Okay, so fire up your Google News search boxes. It’s question time:
1. Which large confectionary corporation, it was announced this week, will be prosecuted over a salmonella scare that led to the recall of more than one million chocolate bars?
a) Nestle
b) Cadbury
c) Hersheys
2. Which car company took the title this week of “world’s largest automaker” after outselling GM by 90,000 units in Q1 of this year?
a) Ford
b) Hyundai
c) Toyota
3. On Tuesday, the New York Times reported that James Simons, a 69-year-old hedge fund manager, as one of the top performers in his industry, had earnings last year of:
a) $1.7 million
b) $17 million
c) $170 million
d) $1.7 billion
4. Exxon Mobil reported this week that its Q1 profits had risen to:
a) $9.3 billion
b) $930 million
c) $93 million
d) $9.3 million
e) Trick question: The company has actually reported a loss of $93 million.
5. Speaking of gas companies, Chevron also reported a spike in its Q1 profits this week, thanks mostly to its sale of a Netherlands refinery called Nerefco. The rise in Chevon’s profits was:
a) $7 million
b) $70 million
c) $700 million
d) $7 billion
6. Okay, here’s another give-away: Which major software company saw a 65 percent jump in its fiscal Q3 profits thanks in part to upgrade coupons for its new Vista operating system.
a) Apple
b) Microsoft
c) Quicken