FOX LAKE Ill. - The news about deadly crashes linked to a faulty ignition switch, followed by wave upon wave of recalls, did not bode well for General Motors dealers earlier this year. It conjured visions of worried, frustrated drivers pouring onto lots like Raymond Chevrolet, outside of Chicago.
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LONDON - Royal Bank of Scotland posted a surprise 1 billion pound ($1.7 billion) pretax profit for the second quarter thanks to a turnaround in losses from bad loans, prompting it to release earnings a week early.
LONDON - Rupert Murdoch's 21st Century Fox said on Friday it would renew a share buyback program using the proceeds from its partial exit from European pay-TV, regardless of any acquisitions the media group undertakes.
The two giants of the beverage empire reported earnings this week, with PepsiCo outperforming estimates and Coca-Cola missing them.