Daily Stocks News » GM

Ford Announces Expansion Plans, To Invest $773 Million in 2013 To Revamp Manufacturing Facilities (F, GM)

Warren Paige — Thu, 27 Dec 2012 14:31:11 +0000

Car maker, Ford Motor Company (NYSE: F) announced on Thursday that it will be spending about $773 million for revamping manufacturing facilities in 6 southeast Michigan plants in 2013 as the company looks to launch next generation of products.

The Dearborn-based automaker said that it will be modernizing its Dearborn stamping plant with four [...]

Major Movers on December 19; FDX, HLF, THO, ISRG, GM, NAV

Warren Paige — Wed, 19 Dec 2012 23:07:35 +0000

Shares of FedEx Corp. (NYSE: FDX), providing customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services, edged higher in trading today. FDX shares ended the day 0.91% higher at $93.20 on above average volume of 5.32 million. The stock hit an intra-day high of $95.44, and has gained 3.45% in [...]

General Motors Reports Q3 Results; Shares Rise Sharply (GM)

Warren Paige — Wed, 31 Oct 2012 17:06:18 +0000

Detroit, Michigan-based General Motors Company (NYSE: GM), U.S.’s largest automaker, today reported results for the third quarter ended Sep 30, 2012.

GM’s consolidated revenue for the quarter increased by 2% to $37,576 million from $36,719 million reported for the same period in the previous year. Operating income for the quarter decreased by 11% to [...]

Berkshire Hathaway Q2 Earnings Drop (BRK.A)

Warren Paige — Sun, 05 Aug 2012 17:51:47 +0000

Warren Buffett’s investment company Berkshire Hathaway Inc. (NYSE: BRK.A) reported a decline in its second-quarter earnings due to a loss on its derivative holdings.

BRK.A’s financial and energy businesses use derivatives to speculate on price movement . However, the bets made by the investment company resulted in losses of more than a billion dollars [...]

Automakers Post Strong Sales Growth in June (F, GM)

Warren Paige — Tue, 03 Jul 2012 19:20:06 +0000

U.S. automobile industry’s big three players posted stronger sales growth in June. While Ford Motor’s (NYSE: F) sales climbed up 7% in June from a year earlier, General Motors (NYSE: GM) and Chrysler Group LLC posted a double digit growth.

According to Edmunds.com, overall new auto sales were expected to jump by 21% in [...]

Berkshire Hathaway Offers to Acquire ResCap Unit (BRK.A, GM, MEG, LEE, TXT)

Warren Paige — Wed, 13 Jun 2012 20:03:06 +0000

Berkshire Hathaway (NYSE: BRK.A), the investment company of billionaire investor Warren Buffett, has offered to acquire the mortgage division and loan of portfolio of Residential Capital LLC.

Residential Capital, which is also known as ResCap, had filed for bankruptcy protection last month. ResCap is a subsidiary of Ally Financial Inc., which is the former [...]

Berkshire Hathaway Acquires 63 Newspapers from Media General (BRK.A, GM, WMT)

Warren Paige — Thu, 17 May 2012 13:34:12 +0000

Warren Buffett’s investment company Berkshire Hathaway (NYSE: BRK.A) has agreed to acquire 63 newspapers from Media General Inc., making it BRK.A’s largest foray into newspapers.

Under the terms of the agreement, Berkshire Hathaway will acquire the newspapers, which include the Richmond Times-Dispatch and the Winston-Salem Journal, for $142 million. Richmond, Virginia-based Media General is [...]