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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
Fannie Mae
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