in the black

Posted by Elinor on 2011/11/28 21:01:20

What does it mean when a company is "in the black"? Is the company going bankrupt, making a profit, part of a merger or opening new stores?

A company is said to be "in the black" when it starts making a profit.


http://edition.cnn.com/2011/11/27/studentnews/sn-transcript-mon/index.html?iref=allsearch

http://transcripts.cnn.com/TRANSCRIPTS/1111/28/sn.01.html