General Motors fourth-quarter profit drops due to currency losses; stock slumps
General Motors Co. (GM) reported that its fourth quarter net income fell partly because of the strength of the dollar against the sterling and forecast…
U.S. non-farm payrolls rise by 246,000 in January
Friday marks the first monthly jobs report of the Trump presidency. U.S. non-farm private employment rose much more than expected in January, boosting optimism over…
Sony takes $1billion writedown on movie business
Sony Corp will write down the value of its movie business by nearly 112.1 billion yen ($976 million) in the third quarter, blaming weaker film…
Platinum production suffers major decline in fourth quarter
The precious metal saw a downfall in the final months of the previous year. Platinum production has experienced a dramatic nosedive for the three months…
Ford Motors shrugs off quarterly drop to cap 2016 on a high note
There is still a lot of gas left in the tank of the US’ no.2 auto maker. Ford Motors capped its 2016 report on a…
Boeing earnings spike in 4Q amid slowdown in sales
The aerospace giant in US prevented a crash and remained touching the clouds. Despite a reported huge drop on its military sales, Boeing still posted…