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GM profit helped by delayed spending
Aug 2nd, 2012
(Reuters) - General Motors Co posted a stronger-than-expected quarterly profit as its loss in Europe was not as bad as feared, and its results were boosted by delayed spending in North America. Analysts said GM's North American outperformance added 14 cents to the second-quarter results, helping the company top Wall Street's expectations by 16 cents. GM's shares were little changed in early trading. ... (Source: Reuters) -
SAN FRANCISCO (Reuters) - Dell Inc, the subject of a takeover battle between activist investor Carl Icahn and the company's billionaire founder, reported a 79 percent slide in profit as personal computer sales continue to shrink. Revenue in its fiscal first quarter ended May 3 fell to $14.1 billion, while net income fell to $130 million, Dell ... [Full Article]
By Christina Fincher LONDON (Reuters) - Britain's economy may be finally gaining some ground, with stronger-than-expected growth in the dominant services sector capping a week of relatively upbeat economic news. The services sector - which accounts for around three-quarters of Britain's economy - grew at its fastest pace in April since la... [Full Article]
ZINTAN, Libya (AP) - Wearing a sky-blue safari suit and a pair of sandals, the imprisoned son of slain dictator Moammar Gadhafi made his second court appearance this year on Thursday in a local court in Libya's western mountains where he is facing charges of harming state security. (Source: Associated Press)... [Full Article]
NEW YORK (AP) - Technology companies led the stock market higher Monday, pushing the Standard & Poor's 500 index back up to the record high it reached earlier this month. (Source: Associated Press)... [Full Article]
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