G. M., the nation’s largest automaker, reported that it earned $2.6 billion on revenue of $41.2 billion in the quarter,

By : RisingWorld

Published On: 2017-04-29

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02:13

G. M., the nation’s largest automaker, reported that it earned $2.6 billion on revenue of $41.2 billion in the quarter,
compared to profit of slightly under $2 billion on revenue of $37.3 billion in the same period in 2016.
Barclays said this month that it was being investigated after Mr. Staley sought last year to uncover the identity of a whistle-blower who sent two anonymous letters about Tim Main, who worked with Mr. Staley at JPMorgan
and who was hired by the Barclays chief to join the British bank.
The Commerce Department on Friday provided its first statistical snapshot of the
American economy in the first quarter, the gross domestic product estimate:
• The economy barely grew, expanding at an annual rate of only 0.7 percent.
The generally positive momentum for lenders in Europe in the first quarter continued on Friday as the Swiss bank UBS
and the Royal Bank of Scotland reported their results.
Synchrony, which was spun out of GE Capital in 2014, reported a smaller profit — 61 cents
a share — compared with the 74 cents that many Wall Street analysts had expected.
But in March, one party, an investor group led by Edgar Bronfman Jr.
and the media executive Ynon Kreiz, suddenly dropped out, raising questions about the sale of Time Inc, which had rejected an offer of at least $18 a share from Mr. Bronfman’s group late last year.

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