(Adds analyst, CFO comments, details on outlook, results and stock action). By Ben Klayman and Bernie Woodall. DETROIT, April 24 (Reuters) - General Motors Co said on Thursday that first-quarter profit tumbled 88 percent after a massive recall due to ...
Mixed earnings from a large number of U.S. companies had stocks moving between modest gains and losses Thursday, despite strong results from a handful of names including Apple and Caterpillar.
Zimmer Holdings Inc. (ZMH), a maker of artificial hips and knees, agreed to acquire rival Biomet Inc. for $13.4 billion to become the second-largest company in the rebounding market for treating muscle and orthopedic injuries.
WASHINGTON--U.S. companies stepped up equipment investment in March, providing a boost to the manufacturing sector and offering the latest sign the economy is emerging from a winter slump.
NEW YORK (Reuters) - Verizon Communications Inc said it will try to avoid following rivals into the practice of winning more customers through discounts, as the company's quarterly profit fell short of Wall Street expectations on Thursday.