90 profit sharing in jeopardy at Ford and GM
Ford and GM posted sharp second quarter profit declines with rebates and incentives eroding margins. Ford earnings fell 45 percent to 771 million, GM profit dropped 38 percent to 900 million, as Brazil turmoil and overseas weak sales weighed on results.
MENTIONED IN THIS ARTICLE
Greg Gardner
Knight-Ridder
Detroit
UAW
General Motors
Ford Motor Co
Brazil
Ford
Chrysler
U.S
David McCammon
Scott Merris
Morgan Stanley Inc
United States
Britain
Belgium
David Healy
Barclays deZoete Wedd
New York
Fernando Collor de Mello
Volkswagen
Autolatina
Healy
Kidder Peabody
John Kirnan
McCammon
GE Defense Fraud Fined 16.1 Million in Settlement
GE faces 16.1 million in fines as part of a 30 million settlement over defense contract fraud. U S District Judge Lowell Reed Jr imposed a 10 million criminal and 6.1 million civil penalty, plus 2.2 million restitution. Two subsidiary employees received prison terms.
MENTIONED IN THIS ARTICLE
Philadelphia
General Electric Co
U.S
Lowell Reed Jr
Milion
Fairfield
Goodyear Reports Second Quarter Loss and Sales Rise
Goodyear Tire & Rubber Co reports a 9.4 million net loss in the second quarter after restructuring and plant closures. Chairman Tom H. Barrett notes a 2.9 percent rise in tire sales for the quarter and a 2.1 percent increase for the first half, with replacements driving gains. Earnings after taxes were 37 cents per share, with a 16 cent per share net loss. For the six months, Goodyear earned 11.5 million on 5.56 billion in sales.
MENTIONED IN THIS ARTICLE
AKRON
Goodyear Tire & Rubber Co
Goodyear
Tom H. Barrett
Metal Prices Close Higher on Comex Across Measures
New York AP reports yesterday closing prices on the Comex show gold at 367.90 per troy ounce, silver 4.811 per troy ounce, platinum 475.90 per troy ounce, palladium 117.50 per ounce, and nonferrous metals with aluminum 0.70 per pound, copper 1.2225 per pound, lead 0.50 to 0.52 per pound, zinc 0.87 per pound, tin 265.60 per 76pound flask, and mercury 5.280 to 2.90 per 76pound flask.
MENTIONED IN THIS ARTICLE
New York
NYSE
Abarck
AmBrad
Amoco
Armco
Baxter
BellSo
Boeings
Cassick
Elbyl
Exxon
Ava Tele
Nipsco
Newells Val
ASM
Norwest
Penney
Pepsico
Pfizer
Alva
Comex
Kidron Auction Report Shows Mixed Gains Across Livestock Market
Kidron consignors highlight lighter inventory with hogs and feeders near steady to higher prices. Calf and dairy cattle values stay strong with top cows around 57 25 and top dairy cows at 1400 and heifers at 1500, while straw and hay prices remain elevated amid slow harvest.
MENTIONED IN THIS ARTICLE
Kidron
Also Mentioned on This Page
Jack Hall
Dearborn
Pentagon
Nicholas Harbist
Elyria
Third Street
Nabbe Road
Sunstannal Pena
Goodyear Tire Co
Dow Jones
Mutuals
Veier
Texaco
TexUtil
Toyrus Usk
Ada
Ucaib
Unisys
Vis USA
Unitel S
wWilliam
Pierre R Smith Co
Acme Cleve
Allied Corporation
Alltel AmerShip
Center
CPC Inter Inc
Emerson
First Bancorp
Goodrich
Templeton
World
Vanguard
Wellington
Kidron Livestock
Jjfman
Wakeman Oil Co
Chuck Swineford
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