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Fortune 500 for 2007

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Fortune Magazine has released their annual Fortune 500 magazine. Among some of the highlights:

- Total profits for all 500 companies in 2006 was a whopping $785 billion, up 29% from 2005.

- Wal-Mart takes over the number 1 spot. Last’s year leader, Exxon Mobil, moves to 2nd.

- New York leads all states with the most Fortune 500 companies (57). California comes in next with 52.

The complete list can be found here at CNNMoney.com.

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