GM swings to profit on cost cutting
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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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General Motors Corp. reported third-quarter earnings Thursday that were at the low end of the company&#39;s July guidance. Quarterly earnings rose to $440 million, or 78 cents per share, from $425 million, or 79 cents per share, a year ago.
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General Electric Co.  said on Tuesday that it was raising its quarterly dividend by 12 percent, and that it expects to report a profit of $2.17 to $2.23 per share in 2007.
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General Electric, driven by strong demand for jet engines and electric turbines, posted a 4 percent rise in net profit, meeting Wall Street expectations.
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No. 1 automaker trying to stem losses from unit; most cuts due in Germany next year. RUESSELSHEIM, Germany  - General Motors will cut up to 12,000 jobs over the next two years to reduce annual costs
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Ford Motor Co. on Thursday reported a quarterly profit, reversing a year-earlier loss, on the strength in its finance arm.
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Diversified manufacturer General Electric Co.  said on Tuesday that it is on track to meet its full-year earnings forecast and to achieve double-digit gains in earnings per share in 2005.
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General Motors Corp  told analysts on Thursday that it expected to cut annual U.S. labor costs by $5 billion by 2011 and increase its revenues in all regions during 2008.
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General Electric Co., the world&#39;s largest company by market value, said third-quarter profit rose 11 percent as acquisitions and economic growth spurred the biggest quarterly sales increase in four years.
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General Motors Corp.'s third-quarter earnings rose 3.5 percent, but the company's automotive business lost $130 million primarily because of heavy losses in Europe and lower production and intense pricing pressure in North America.
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DETROIT: General Motors Corp posted on Thursday disappointing quarterly earnings and cut its 2004 profit forecast due to mounting losses in Europe and slowing growth in China, sending its shares down 5%.
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General Electric Co.  on Friday posted an 18 percent rise in quarterly profit, driven by broad-based growth as it received new aircraft engine service contracts and had solid orders for ultrasound equipment.
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General Electric Co.  reported earnings in line with Wall Street's expectations on Friday, citing strong demand for jet engines, gas turbines and other heavy equipment, as well as solid results at its commercial finance unit.
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General Motors Corp., the world's biggest automaker, said Wednesday its net income fell 37 percent in the fourth quarter, led downward in part by continued struggles at its European operations. But the results beat Wall Street expectations and its shares rose nearly 2 percent.
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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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General Electric Co  on Friday posted a profit that met expectations on strong demand for heavy equipment such as jet engines and electricity-producing turbines.
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General Motors (GM) is following through with plans to axe 12,000 jobs in the loss-making European division as the car giant bids to trim operating costs by Â£350 million-a-year.