Posts Tagged Corporate news

GM profit 2Q falls 85 pct. on recall costs

In this May 13, 2014 file photo, an auto worker inspects finished SUVs coming off the assembly line at the General Motors auto plant in Arlington, Texas. General Motors reports quarterly financial results on Thursday, July 24, 2014. (AP Photo/LM Otero, File)

DETROIT (AP) — Recall expenses chopped $1.5 billion from General Motors’ bottom line in the second quarter, as it added up the costs of repairs for nearly 30 million cars and set aside funds to compensate victims of small-car crashes.

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Packers shareholders meeting at Lambeau Field

GREEN BAY, Wis. (AP) — The only publicly owned team in U.S. professional sports is holding its annual shareholders meeting.

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Boss of company in China meat scandal apologizes

A man eats a burger at a McDonald's restaurant in Beijing Tuesday, July 22, 2014. China's food safety agency on Tuesday announced a nationwide inspection of processing factories and meat suppliers used by a company accused of selling expired beef and chicken to McDonald's and KFC. (AP Photo/Ng Han Guan)

BEIJING (AP) — The chairman of an American meat supplier apologized Thursday for a Chinese subsidiary that is accused of selling expired beef and chicken to restaurants including McDonald’s and KFC.

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Get paid for posts? Social networking’s new twist

In this photo taken Wednesday, July 16, 2014, Gerry Kelly, founder of clothing brand Sonas Denim and a Bubblews user, poses near his home in San Francisco. Kelly has already earned nearly $100 from Bubblews since he began using a test version in January. His Bubblews feed serves as a journal about the lessons he has learned in life, as well as a forum for his clothing brand. (AP Photo/Eric Risberg)

SAN FRANCISCO (AP) — Facebook and most other social networks are built on the premise that just about everything should be shared —except the money those posts produce.

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US stock futures rise as earnings reports roll in

A sign for Wall Street is shown in this March 8, 2010 file photo near the New York Stock Exchange. Global stocks mostly rose Wednesday, July 23, 2014, bolstered by solid U.S. earnings and home sales as tensions between Russia and the West over Ukraine eased. (AP Photo/Mark Lennihan, File)

NEW YORK (AP) — The stock market eked out a record high Wednesday, as investors weighed positive earnings from the technology industry against disappointing news from Boeing and other companies.

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