Today was a doozy for earnings releases–the quarterly reports companies have to

Today was a doozy for earnings releases–the quarterly reports companies have to give stockholders to show how well they are, or in this case aren’t, doing. Two local behemoths, Starbucks and Boeing, delivered theirs today and it wasn’t pretty. First Boeing’s announced that it swung to a $56 million loss in the final three months of 2008. That’s attributed in part to losing an estimated $4.8 billion during the strike. Boeing still posted a profit for the entire fiscal year but that dropped from $4.1 billion in 2007 to $2.7 billion last year. So of course–it’s starting to feel so predictable–the company is cuting jobs, 10,000 of them. That’s extra depressing because of what the SoDo mermaid announced this afternoon.Starbucks’ profits fell $208.1 million during the last three monthsof 2007 to $64.3 million during the last three months of 2008. (Sbux’ year ends in the fall so today’s report is the first of fiscal 2009 for them.) In a statement, CEO Howard Schultz said the companywill close about 300 stores, axing the jobs of 6,000 baristas. Another 700 non-store employees will aslo get the boot. Sorry, soon-to-be-former Boeing employees who were hoping to don the green apron and its accompanying health care package after the pink slip arrives.