GM spinning its wheels

Article Abstract:

General Motors Corp. (GM) is expecting to post a 91% decline in its per share profit for the 2001 first-quarter. The company forecasted quarterly per share profits of 25 US cents as the car maker saw its share value and market share fall as well.

Motor Vehicles & Parts, Transportation Equipment Manufacturing, Motor Vehicles and Equipment, General Motors Corp., GM, Transportation equipment industry

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The crude oil roller-coaster ride continues

Article Abstract:

The broader economic growth in the US is decelerating, job numbers are disappointing, and the prices are edging up in various sectors. For investors who remember oil shocks of earlier years, when spikes in the price of crude precipitated economic crises, the week's cavalcade of data was unnerving.

Commodity & service prices, PETROLEUM AND COAL PRODUCTS, Petroleum, Petroleum and Coal Products Manufacturing, Petroleum & Energy Products, Prices and rates, United States economic conditions, Labor market, Company pricing policy, Labour market

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Nortel rocked by profit warning: With its current costs, network equipment firm couldn't reach operating profit goal

Article Abstract:

The communications network equipment company, Nortel Networks Corporation disappointed the investors, after it admitted that it would be less profitable than expected resulting into a fall in the stock by 16 percent. The company believes that it could not reach its operating profit goal with the existing costs and hence would unveil actions that would put into place to optimize the financial performance.

Telephone and telegraph apparatus, Canada, Telecommunications equipment industry, Company sales and earnings, Nortel Networks Corp., NT, Company earnings/profit, Stock markets, Stock market

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