GM swings to profit but falls short of estimates
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General Motors Corp.  swung to a profit with its delayed fourth-quarter results on Wednesday but fell short of Wall Street expectations as losses from its former finance unit partly offset gains from improved auto operations and cost cutting.
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General Motors Corp. GM.N on  Wednesday said its earnings fell 37 percent due to growing U.S.  health-care costs and bigger losses from its European  automotive operations.
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U.S. stocks slipped for a second day   on Friday as fears lingered that corporate profits would be   hurt by slowing economic growth and shares of General Motors   Corp. GM.N fell on newspaper reports a tie-up with rivals   looks less likely.
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General Mills Inc.  on Thursday  said quarterly profit edged higher, though increased marketing  spending and higher commodity costs tempered the increase.
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Ford Motor Co. F.N on Tuesday said  its automotive business was gearing up for bigger profits this  year, but overall earnings will fall due to weaker results at  its financial services unit.
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DaimlerChrysler's (DCXGn.DE) third-quarter operating profit rose 7 percent, just below analyst expectations, as gains at U.S. arm Chrysler helped offset weaker earnings at premium carmaker Mercedes.
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General Motors Corp. GM.N posted a 7  percent drop in U.S. vehicle sales for August, and set its  fourth-quarter North American car and truck production 6.8  percent lower, the automaker said on Wednesday.
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General Motors Corp  posted a 5-percent gain in U.S. sales for August on Tuesday, bucking a downtrend for the embattled industry linked to a weaker housing market and a shakeout in subprime lending.
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General Motors posts a profit for the final three months of 2006, on cost cuts and better performance at its auto unit.
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NEW YORK - A disappointing earnings report from General Motors Corp. and another rise in crude oil prices sent stocks lower Thursday as investors grew even more nervous about the economy...
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Alcoa Inc  reported second-quarter earnings on Monday that matched Wall Street expectations, but the aluminum producer's revenue fell short of forecasts.
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Ford Motor Co.  on Thursday reported a quarterly profit, reversing a year-earlier loss, as earnings from its finance arm offset weak automotive operations.
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General Mills Inc.  on Thursday said quarterly profit edged higher, though increased marketing spending and higher commodity costs tempered the increase.
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Magna International, the Canadian auto parts maker, said that fourth-quarter profit fell 65 percent because of lower profit margins and one-time charges. It cut its quarterly dividend to increase cash on hand. Net income was $29 million, or 26 cents a share, down from $83 million, or 75 cents a share, a year earlier, Magna said. Sales rose 8.7 percent, to $6.4 billion. The company, cut its quarterly divided in half, to 19 cents a share, adding $84 million in cash to the $1.9 billion the company had on hand at the end of 2006. Excluding one-time items, Magna earned 99 cents a share, missing the $1.16 a share that was expected by Wall Street analysts.
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TOKYO/DETROIT  - General Motors Corp.  on Tuesday posted a steeper-than-expected 24 percent drop in June sales, as U.S. automakers lost share to Japanese brands and overall vehicle sales sputtered in the face of high gas prices and a weak housing market.
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Executives at General Motors said yesterday that improvements in the company's North American division were evidence that a turnaround was on track despite a staggering $39 billion third-quarter loss.
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Kicking off the new earnings season, aluminum company Alcoa Inc  reported on Monday that second-quarter profit slipped, but still matched Wall Street expectations, even though revenue fell short of forecasts.