GM posted lower quarterly profit after its massive recall, but results still topped expectations.» Read More
GM EARNINGS: General Motors' first-quarter profit fell 86 percent to $125 million, mostly due to a $1.3 billion charge for recalling 7 million vehicles worldwide. BETTER THAN EXPECTED: Excluding one-time items like a $419 million charge for revaluing Venezuelan assets, GM earned 29 cents per share. That was far above Wall Street's estimate of 3 cents per share.
*Russia launches army drills near Ukraine border. NEW YORK, April 24- Global stock markets and the dollar pulled back from strong early gains on Thursday on worries about rising tensions in Ukraine, but U.S. technology shares were higher on upbeat earnings from Apple and Facebook.
SHANGHAI, April 24- Warren Buffett- backed Chinese carmaker BYD Co posted an 89 percent drop in first-quarter earnings on Thursday, hit by falling vehicle sales. BYD and other Chinese carmakers, including Geely Automobile Holdings and Chery Automobile Co, are losing market share to foreign rivals such as Volkswagen, General Motors and Ford.
DETROIT, April 24- Parts supplier Delphi Automotive Plc Chief Executive Officer Rodney O'Neal declined on Thursday to discuss costs related to the General Motors Co ignition switch recall. Delphi produced the ignition switches involved in the recall of 2.6 million GM vehicles that have been linked to at least 13 deaths.
DETROIT, April 24- General Motors Co said on Thursday that first-quarter profit tumbled 88 percent after a massive recall due to defective ignition switches, but results still topped expectations on strong pricing for its redesigned pickup trucks in North America and improvement overseas.
NEW YORK, April 24- U.S. stocks rose at the open on Thursday, led by gains in Apple after its earnings as well as buyback and stock split announcements, while other sector bellwethers including General Motors and Aetna also rose after results.
*Tech results lift Nasdaq futures, Apple and Facebook rally. NEW YORK, April 24- U.S. stock index futures were higher on Thursday, with Nasdaq futures jumping more than 1 percent following a pair of blowout results from technology stalwarts Apple and Facebook.
DETROIT, April 24- General Motors Co said on Thursday that first-quarter profit tumbled 88 percent after a massive recall due to defective ignition switches, but results still topped expectations on strong pricing for its redesigned pickup trucks in North America.
April 24- Auto parts maker Delphi Automotive Plc reported a better-than-expected quarterly profit, helped by strong demand in Asia and North America, and raised its 2014 earnings outlook. The company said it now expects 2014 adjusted earnings between $4.80 and $5.00, up from its previous forecast of between $4.70 and $4.95 a share.
CNBC's Phil LeBeau breaks down the automaker's quarterly numbers of $0.06 EPS ex-items on revenues of $37.4 billion versus estimates of $38.40 billion.
DETROIT, April 24- General Motors Co on Thursday posted lower quarterly profit after a massive recall due to defective ignition switchs linked to at least 13 deaths, but results still topped Wall Street expectations on strong pricing for its vehicles, especially in North America.
DETROIT— The cost of recalling nearly 7 million cars and trucks sank General Motors' first-quarter profit, but the company's CEO said the much-publicized recalls have yet to cut into sales. The Detroit automaker is facing government investigations and civil lawsuits over the small-car recall.
Apple dazzled investors with a big earnings beat, another big buyback and a dividend hike that should boost sentiment up and down Wall Street.
WASHINGTON— Commerce Department releases durable goods for March, 8:30 a.m. Eastern time. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.. WASHINGTON— Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 a.m..
Ford Motor Co. rose$. 13 or. 8 percent, to $16.23. General Motors Co. rose$. 15 or. 4 percent, to $34.38. Honda Motor Co. rose$. 28 or. 8 percent, to $33.93.
TOKYO, April 23- Toyota Motor Corp kept its position as the world's best-selling car maker in the first quarter of 2014, beating rivals Volkswagen AG and General Motors Co after it sold record 2.58 million vehicles globally. Toyota's group sales include figures from minicar maker Daihatsu Motor Co along with truck and bus maker Hino Motors Ltd..
Ford Motor Co. rose$. 06 or. 4 percent, to $16.16. General Motors Co. rose$. 06 or. 2 percent, to $34.29. Honda Motor Co. rose$. 27 or. 8 percent, to $33.92.
The television ads where neighbors, friends and family can't identify a new car as a Buick are true to life. The attractive styling on a 2014 Buick Regal test car so stumped admirers, many could not believe it was a Buick. The common question was, "What kind of car is that?"
GM,expected to break with the past with its new CEO, could find itself bogged down still more deeply in its past mistakes, Financial Times reports.
DETROIT, April 23- General Motors Co on Wednesday said it has shipped "thousands" of kits needed to repair the defective ignition switches linked to at least 13 deaths. GM is under investigation by U.S. safety regulators, Congress and the U.S. Department of Justice for why it did not catch the faulty part for over a decade.