GM posts higher-than-expected profit on strong North American demand

DETROIT - General Motors Co on Thursday reported a higher-than-expected profit in the third quarter on strong demand for its redesigned full-size pickup trucks in North America.

Recent Business News

Caterpillar profit beats view, raises outlook; shares gain

- Caterpillar Inc shares jumped more than 6 percent in premarket trading after the company reported a stronger-than-expected quarterly profit and boosted its 2014 profit outlook, citing strong demand for its products in North America.

9:10am EDT

GT Advanced settles with Apple, to exit sapphire production

- GT Advanced Technologies Inc said it reached an agreement with Apple Inc under which it will stop making sapphire materials and focus on supplying equipment to make sapphire crystals.

Tech, Deals, Media 9:04am EDT

Comcast reports higher quarterly revenue, profit

NEW YORK - Comcast Corp reported on Thursday higher quarterly revenue and income as more people signed up for its high speed Internet service.

7:54am EDT

Tesco accounting black hole deepens, chairman to step down

LONDON - The chairman of Britain's biggest grocery chain, Tesco , announced his resignation on Thursday after the company reported a bigger than expected hole in its finances and said accounting transgressions went back further than initially thought.

9:09am EDT

Europe's banks face moment of truth from ECB review

LONDON/FRANKFURT - The euro zone's 130 biggest banks received the European Central Bank's final verdict on their finances on Thursday after a review aimed at drawing a line under persistent doubts about the health of the region's banking sector.

9:44am EDT


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