GM&#39;s earnings disappoint; Citigroup impresses
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Auto sales continued to struggle around the globe. Citigroup&#39;s earnings top expectations, but its revenues are light. Apple&#39;s stock jumps as iPod sales surge.
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Toyota Motor Corp., the world&#39;s second- largest carmaker, had an unexpected drop in quarterly profit as investment earnings at its truck making unit fell and a stronger yen cut the value of overseas sales.
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The German-US auto giant DaimlerChrysler posted weaker second quarter earnings on Wednesday but raised its full-year profit forecast thanks to a cash injection from its sale of shares in the aerospace group EADS.
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DETROIT  - General Motors Corp. is forecast to post a healthy profit when it reports third-quarter earnings Thursday, but European business continues to falter and another severe overseas overhaul is likely.
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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' clever ad campaign comes up short.
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General Motors Corp.  said on  Wednesday it swung to a profit in the fourth quarter as it cut  costs and saw gains in its core auto operations.
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3M Co.  and American Standard Cos. Inc.  cast a shadow of disappointment on Monday as the busiest week yet of the corporate earnings period got under way, and analysts cautioned not to expect the profit picture to brighten soon.
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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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After reporting a $39bn loss, due to huge accounting charges, GM says its performance was "inadequate".
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General Motors Corp on Tuesday posted a quarterly loss reflecting a slump in its North American market and losses at former finance subsidiary GMAC.
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An earnings stumble at  DaimlerChrysler's Mercedes flagship tarnished higher profits at  the world's fifth-biggest automaker on Thursday and stoked  questions about the loss-making Smart compact's future.
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General Motors said Thursday that its earnings would fall this year because of rising health care costs and slowing profits at its financing division.
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Stocks were little changed on Tuesday ahead of the Federal Reserve's decision on interest rates, as weak earnings at electronics retailer Best Buy Co.  and a management reshuffle at Citigroup Inc.  disappointed investors.
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The retailer posts strong gains in earnings and sales, but projections disappoint the Street.
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Here's how hard it is to navigate today's fickle auto industry: Last year, General Motors Corp. managed to preserve profit in North America, but its market share tumbled. At the same time, GM's share of the European market rose to a five-year high, but the company lost a huge amount of money there.
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NEW YORK - Investors sent stocks falling sharply for a second straight day Thursday as crude oil prices surged near $55 per barrel and General Motors Corp.'s earnings disappointed the market. The Dow Jones industrial average, having fallen 153 points over two days, dropped back below 10,000...