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Updated: 29 min 5 sec ago
DETROIT, Jan 24 (Reuters) - Ford Motor Co on Wednesday posted a lower-than-expected quarterly net profit, hurt by rising commodity costs and unfavorable currency exchange rates, and said it expects more pain to come from higher raw material prices in 2018.
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Thanks largely to a revitalized Macau, the company posted some impressive growth figures.
___ Dollar tumbles after US treasury chief welcomes weaker value DAVOS, Switzerland (AP) — The U.S. treasury chief has welcomed a weaker value in the dollar, breaking with a past commitment by the U.S. government to back a strong dollar.
U.S. stocks wobbled and finished mostly lower on Wall Street as technology companies including chipmakers dropped.
The Dow hit a fresh all-time high Wednesday, while chipmakers weighed on the Nasdaq.
Departing Hewlett Packard Enterprise CEO Meg Whitman will become chief executive of DreamWorks co-founder Jeffrey Katzenberg’s mobile media firm NewTV, a move that places her back into unchartered territory.
Ford Motor Co. said its full-year earnings jumped 65 percent to $7.6 billion in 2017 due to tax and pension changes, but it's already warning that this year will be tougher.
Home appliances maker Whirlpool on Wednesday posted a quarterly loss, compared with a year-ago profit, hit by a charge of about $420 million related to the U.S. tax reforms.
American Airlines and Delta are reviving a deal that lets them put passengers on each other's planes when travelers are stranded by disruptions like winter storms and computer outages.
President Donald Trump is in salesman mode as he heads to a global summit in the Swiss Alps.
General Electric disclosed on Wednesday the U.S.Securities and Exchange Commission is investigating a recent insurance charge made by the company.
The changes are about Ford's present -- and its future.
Patrón co-founder John Paul DeJoria on Wednesday told FOX Business that the time was right to sell the popular tequila brand.
The city of Chicago is suing U.S. Steel, alleging that it violated federal law with discharges of a potentially carcinogenic chemical from a northwest Indiana plant.
Starbucks, JPMorgan, Verizon and Disney became the latest companies to reward employees thanks to tax reform.
Canadian National Railway's fourth-quarter numbers may appear muted, but none of it can derail the company from its growth track.
A big vote of confidence from Morgan Stanley highlights value in the shares.
The U.S. treasury chief has welcomed a weaker dollar, breaking with a past commitment by the U.S. government to back a strong dollar.
It's hard to turn a profit when you have to take almost $500 million in one-time charges.