General Motors (GM) Beats on Q4 Earnings, Guidance Intact
General Motors Co. (GM - Free Report) posted adjusted earnings of $1.28 per share in the fourth quarter of 2016 that surpassed the Zacks Consensus Estimate of $1.14. Earnings in the reported quarter fell 7.9% from $1.39 per share recorded in the fourth quarter of 2015.Net income (on a reported basis) amounted to $1.8 billion or $1.19 per share, down from $6.3 billion or $3.92 per share in the year-ago quarter.Revenues in the reported quarter were a record $43.9 billion, 10.8% higher than $39..>> view originalToshiba courts funds as SK Hynix, Micron Technology bid for chip stake: sources
SEOUL/TOKYO Toshiba Corp favors private equity bidders in the sale of a stake in its chip business, as suitors including rivals SK Hynix Inc and Micron Technology Inc vie with financial investors like Bain Capital, sources said on Tuesday.Toshiba needs to raise funds by the end of March to offset an imminent multi-billion dollar writedown on its U.S. nuclear power business, meaning there may not be enough time to conclude a deal with another chipmaker, said one of the sources with direct knowl..>> view originalReport: Current security opens US airports to 'insider threats'
NASHVILLE, Tenn. (WZTV) - The Majority Staff of the House Homeland Security Committee released a report Monday detailing a two-year investigation of threats within America's airports. The committee looked at threat examples in its report such as an attempt to detonate a bomb at an airport, smuggling guns and drugs, expressed willingness to smuggle explosives, and employees who became involved in security efforts. “This report is the result of two years of intense oversight efforts," said Rep. Jo..>> view originalEuro, European bonds unnerved by French politics
LONDON The increasingly unpredictable French presidential election race unnerved European financial markets on Tuesday, tipping the euro towards its biggest fall this year and driving investors away from French government bonds.The premium investors demand for buying French 10-year government bonds FR10YT=TWEB over German 10-year bonds DE10YT=TWEB rose to 78 basis points, the highest level since November 2012 before easing back a bit. It was 50 basis points only two weeks ago.The dollar recove..>> view originalChanneling Steve Jobs, Apple seeks design perfection at new 'spaceship' campus
By Julia Love | SAN FRANCISCO SAN FRANCISCO Inside the original Macintosh computer, Apple co-founder Steve Jobs inscribed the signatures of his team, revealing his deep concern for even the hidden features of his products. His last work – Apple Inc's (AAPL.O) sprawling new headquarters in Cupertino, Calif. - will be a fitting tribute: a futuristic campus built with astonishing attention to detail. From the arrangement of electrical wiring to the finish of a hidden pipe, no aspect of the 2.8..>> view originalUS Trade Deficit Narrowed in December, Totaled $502.25 Billion in 2016
WASHINGTON—The U.S. trade deficit narrowed in December from the prior month and exceeded a half-trillion dollars for 2016 as a whole, a gap that President Donald Trump has said he wants to narrow as a path to boosting domestic economic growth. The foreign-trade gap for goods and services decreased 3.2% from November to a seasonally adjusted $44.26 billion in December, the Commerce Department said Tuesday. Economists surveyed by The...>> view originalTyson Foods Under Investigation For Price Fixing
Shutterstock photo (RTTNews.com) - Tyson Foods, the largest meat producer in the U.S., disclosed Monday a new federal investigation related to the allegations that the company joined with rivals for years to manipulate chicken prices. In its quarterly financial filing with the SEC, the company noted that on January 20, it received a subpoena from the Securities and Exchange Commission in connection with an investigation. "We are cooperating with the investigation, which is at an early st..>> view originalGM posts $9.43B in net profits for '16
General Motors Chairman and CEO Mary Barra.(Photo: Paul Sancya, AP)General Motors Co. said Tuesday its net income last year fell less than 3 percent to $9.43 billion, though the company posted several yearly records including pre-tax adjusted earnings of $12.9 billion.The company also posted record earnings per share of $6 for the year, adjusted pre-tax margin of 7.5 percent, revenue of $166.4 billion and North American adjusted pre-tax earnings of $12 billion. The company’s revenue grew 9.2 per..>> view originalWhat will the BP board decide to pay Bob Dudley this year?
Image copyright PA If BP group chief executive Bob Dudley was paid £14m for delivering a $6.5bn (£5.3bn)* loss last year, what on earth will he get paid for delivering a profit in 2017?The answer to this will shed a lot of light on the politically current and intense debate around executive pay. A year ago, Mr Dudley became the unwilling poster boy for angry shareholders when, at the BP annual general meeting, 59% of shareholders voted against his £14m pay award. He got the money anyway bec..>> view originalTrump's energy plan doesn't mention solar, an industry that just added 51000 jobs
Solar panels are part of the Wright-Hennepin Cooperative Electric Association’s community gardens in Rockford, Minn. (Jim Mone/AP) The White House website may not even mention it as part of Trump’s “America First Energy Plan” — but the U.S. solar industry continues to post dramatic job growth numbers. According to a new annual report by the nonprofit Solar Foundation, more than 51,000 solar industry jobs were added in 2016, a 24.5 percent increase over 2015. Overall, the foundation finds, s..>> view original
Wednesday, February 22, 2017
General Motors (GM) Beats on Q4 Earnings, Guidance Intact and other top stories.
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