Ford profits dip outside North America amid regional headwinds
Ford Motor Co reports 2011 net income of 13.62 billion but a 20 cent per share fourth-quarter adjusted earnings, with North America posting a 33 percent quarterly operating profit rise to 889 million while Europe incurs a 190 million loss and Asia, South America face demand and cost pressures from floods and commodity costs.
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Dearborn
Mich
Ford
U.S
North America
Ford Motor Co
Europe
Asia
South America
Wall Street
Lewis Booth
Thailand
South Africa
Bill Selesky
Argus Research
Selesky
North American
Economy shows growth but warns of risks ahead
Washington reports 2.8 percent annualized fourth quarter growth, fastest since 2010, with unemployment at 8.5 percent after six straight months of hiring. Credit to inventory restocking, but experts caution the pace may fade and government cuts restrained gains. The 2012 outlook sits near 2.5 percent with risks from spending cuts and Europe.
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Washington
Commerce Department
Federal Reserve
Paul Ashworth
Capital Economics
Ashworth
Unions Grow Slightly Amid Private Sector Gains in 2011
Union membership rose by about 50,000 to nearly 14.8 million in 2011, a pause after a two year decline. Government losses dragged overall share to 11.8 percent, while private sector employment rose with 110,000 new members in construction and health care.
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Washington
Bureau of Labor Statistics
John Schmitt
Center For Economic and Policy Research
Schmitt
Facebook IPO could rank among top global public companies
The Wall Street Journal reports Facebook plans to file for an IPO that could raise up to 10 billion dollars and value the firm at 75 to 100 billion. If priced well, the debut would place Facebook among the world's 25 largest IPOs, potentially led by Morgan Stanley as underwriter.
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The
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