Business

GM's Profit Falls on Sale of Europe Business, Asia Charges

GM's Profit Falls on Sale of Europe Business, Asia Charges

BlackRock Inc. increased its stake in Ford Motor by 2,991.4% in the first quarter. The institutional investor held 15,965 shares of the auto manufacturing company at the end of 2016Q4, valued at $556,000, down from 34,920 at the end of the previous reported quarter.


Greece attempts bond comeback

Greece attempts bond comeback

It is an important symbolic move, the first time Greece will have raised private debt since 2014, and a sign that the country has come a long way since it nearly crashed out of the euro zone in summer 2015. Meanwhile the International Monetary Fund last week approved a one-year, US$1.8 billion loan programme for the country. In a sign that the country is turning a corner the economy is projected to grow by 2.1% this year - after no growth at all in 2016.


Michael Kors confirms acquisition of Jimmy Choo

Michael Kors confirms acquisition of Jimmy Choo

U.S. fashion brand Michael Kors has agreed to buy Jimmy Choo in a deal which values the luxury footwear and accessories brand at about £896m. "Mr Denis, Ms Choi and the rest of the highly-talented management team have done a tremendous job, and this continuity of leadership will ensure that the DNA of Jimmy Choo is maintained as we work together to continue to grow the brand globally", Idol said.


Alphabet earnings marred by European Union fine

Alphabet earnings marred by European Union fine

The biggest factor effecting this quarter's earnings was the €2.42 billion fine imposed by the European Commission , and the company listed the fine in in "accrued expense and other current liabilities" on our Consolidated Balance Sheet. Finally, Vetr raised Alphabet from a "hold" rating to a "buy" rating and set a $902.63 price target for the company in a research report on Monday, April 10th.


Snopes Turns to Community for Help Amid Messy Legal Woes

Snopes Turns to Community for Help Amid Messy Legal Woes

Snopes' GoFundMe says the site has been "cut off from our historic source of advertising income". "The vendor continues to insert their own ads and has been withholding the advertising revenue from us", the letter added. "Today's post only confirms Proper Media's allegations that Mr. Mikkelson has drained the company's bank accounts and is unable to operate Snopes profitably without Proper Media's expertise and management".


Suzuki to unveil 2017 Swift Sport on September 12

Suzuki to unveil 2017 Swift Sport on September 12

We'll be reporting live from the Frankfurt Motor Show on September 12th when Suzuki takes the cover off its Swift Sport. In its latest avatar, the Swift Sport comes with a fresh apron combining large and aggressive cuts. The previous-generation Swift Sports were offered with a 138hp, 1.6-litre, naturally-aspirated motor and this is the first time a turbocharged petrol engine will be offered instead.