GM Posts 2019 Profit Despite 40 Day Strike
GM reports 2019 profit of 6.58 billion despite a 40 day UAW strike and weak U.S. China sales. Fourth quarter loss 232 million, or 16 cents a share, offset by 5 cent per share ex items. Full year North America profit supports 44,000 workers receiving 8000 each in profit sharing.
MENTIONED IN THIS ARTICLE
Detroit
U.S
China
General Motors
United Auto Workers Union
Wall Street
FactSet
North America
Mexico
Canada
New York
Mary Barra
Mark Reuss
Lyft
France
PSA Peugeot
Dhivya Suryadevara
Companies struggle as China virus crisis spreads to global firms
Automakers weigh reopening in China with factory suspensions in Wuhan and ongoing delays. Cathay Pacific imposes unpaid leave for 27,000 staff amid sharply reduced flights. Airbus closes Tianjin plant. Disney sees Hong Kong and Shanghai parks shut with expected $175 million quarterly impact. Ralph Lauren halves stores in China as Capri Holdings warns of a $100 million revenue hit and 40 to 45 cent EPS decline.
MENTIONED IN THIS ARTICLE
Beijing
China
Nissan Motor CO
Nissan
Wuhan
Toyota Motor Corp
Automaker
Cathay Pacific Airways
Hong Kong
Cathay
South China Morning Post
Augustus Tang
Airbus
European Aerospace Company
Tianjin
Walt Disney CO
Shanghai
Disney
Ralph Lauren Corp
Patrice Louvet
U.S
Louvet
CAPRI
Capri Holdings Ltd
Versace
Jimmy
Britain weighs BBC funding shakeup amid license fee debate
Britain proposes a public consultation on ditching criminal penalties for unpaid TV licenses as the government signals a move to reduce BBC funding. Culture Secretary Nicky Morgan says the digital shift erodes relevance of the license fee, while noting critics urge fairness and privacy concerns.
MENTIONED IN THIS ARTICLE
London
Britain
BBC
Boris Johnson
U.k.’S
Brexit
Netflix
Nicky Morgan
Farm Bureau Tightens Pressure on Right to Repair Tractors
The Farm Bureau at its national convention adopted a policy backing farmers right to repair tractors and combines. It highlights a 2014 auto maker‑independent mechanic pact and threatens support for right‑to‑repair legislation if a deal isn’t reached. The policy, approved January 21, calls for access to diagnostic tools at fair prices via a negotiated agreement or comprehensive legislation.
MENTIONED IN THIS ARTICLE
Farm Bureau
The
Star Tribune
American Farm Bureau Federation
R.J. Karney
Congressional Relations
AFBF
Karney
AFEF
Association of Equipment Manufacturers
AEM
John Deere
Caterpillar
Dennis Slater
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Montenapoleone
Milan
Italy
Luca Bruno
Change
BBC Media
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