In a statement, GM said "General Motors Canada provided Unifor advanced notification of labour impacts related to product changeovers and transition at its CAMI facility". U.S. President Donald Trump met with the chief executives of the Big Three U.S. automakers earlier this week, urging them to build more cars in the United States while investing less in Mexico.
US Defence Secretary James Mattis stressed America's "enduring commitment" to North Atlantic Treaty Organisation on Thursday, the Pentagon said. Former President Barack Obama outlawed enhanced interrogation techniques such as waterboarding via an executive order in 2009.
Alphabet bested that with revenue of just over $26 billion, up 22 percent over the same period past year. Fourth quarter revenue rose 22% to $26.06 billion, easily topping Street forecast of $25.23 billion. A JMP securities analyst told the Journal that YouTube could be the "heir apparent" to Google's search business. In addition to the hard numbers, investors had their eyes on Alphabet's "Other Bets" - the separate companies focused on ambitious new projects from self-driving cars to ...
Shaking the United Kingdom retail industry, Tesco (OTCPK:TSCDY) has agreed to buy the country's largest food wholesaler Booker (OTCPK:BOKGY) for £3.7B. The market supplies pubs, restaurants and caterers and is growing at 3% a year. The deal is subject to approval by the Competition and Markets Authority.
Ford's Q4 2016 net income totaled $783 million, down $2.65 billion from the previous year during the same quarter. Excluding charges related to the factory cancellation and a pension plan loss, Ford reported profit of 30 cents a share, matching analysts' estimates.
Shares of Fiat Chrysler were up 6.1% at 10.91 in midday trading on the stock market today, almost erasing its 10% loss on January 12, when the EPA made its claims. Despite the lack of contact with Trump, foreign automakers seem to have responded to his call for more US -based jobs. Ford Motor Company has cancelled its investment of $1.6 billion in Mexico and instead will invest $700 million at its Flat rock assembly plant in MI which is likely to create over 700 jobs over next 4 years.