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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Feb 25, 2011

Page

10

GM posts full year profit in surprising turn of fortunes

GM reports 2010 net income of 4.7 billion, the first annual profit since 2004, led by strong China and U.S. sales. Despite the gain, the automaker warns of higher gas prices, a thin model lineup, and European losses as it nears Toyota for world’s largest automaker.

Automaker Detroit General Motors Dan Akerson China U.S North America U.S. Gov Toyota Europe Chrysler Corp David Whiston Morningstar

Great Lakes tied to 1.5 million U.S. jobs study

Michigan Sea Grant at the University of Michigan says more than 1.5 million U.S. jobs and 62 billion dollars in wages depend on the Great Lakes with Michigan leading at 525,886 jobs. Illinois and Ohio follow as key states relying on manufacturing tourism shipping and other sectors. Jim Diana notes protecting the lakes is vital for business and job retention.

Ann Arbor Mich Michigan Sea Grant University of Michigan U.S Great Lakes Michigan Illinois Ohio Jim Diana Lakes

Target 4Q profit up 11 percent on holiday sales

Target reports net income of 1.03 billion for the quarter ending Jan 29, up 10.5 percent from a year earlier. The firm cited strong holiday sales and gains in its branded card business, while warning the economy remains a wild card for 2012 growth plans and forecasting revenue above 100 billion in six to seven years.

New York Target Target Corp Minneapolis U.S Doug Scovanner Wall Street

Fannie Mae Posts Large Q4 Loss to Government

Fannie Mae reports a 2.1 billion dollar fourth quarter loss to the government. The report contrasts with a 16.3 billion dollar loss and a 2.87a per share figure in the prior period.

Fannie Mae

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