Nov 6th, 2009 - Bloomberg
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Nov. 6 (Bloomberg) -- Magna International Inc., the auto-parts supplier that tried to buy a majority stake in GeneralMotors Co.’s Opel unit, rose the most since 1991 in Torontoafter reporting an unexpected third-quarter profit.
Net income was $51 million, or 45 cents a share, comparedwith a net loss of $215 million, or $1.93, a year earlier, theAurora, Ontario-based company said yesterday in a statement.Analysts had projected a per-share loss of 21 cents, the averageof 14 estimates compiled by Bloomberg.
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Plenty of reasons to temper our optimism
Nov 8th, 2009 - Freep
November began with a daily dose of hope for greater Detroit: • Monday, Ford Motor Co. posted a $1-billion third-quarter profit, making money on its core North American operations after 17 consecutive quarterly losses. • Tuesday...
GM's Lutz to Oversee Opel
Nov 6th, 2009 - Wall Street Journal
A team of General Motors Co. executives will arrive in Germany on Monday to fine-tune a restructuring plan for Adam Opel GmbH and search out a new leader for the European unit, company officials said. The U.S...
Dolan Media buys 85 percent stake in document-review firm DiscoverReady
Nov 6th, 2009 - ChicagoTribune
MINNEAPOLIS (AP) - Dolan Media Co. said Friday it bought an 85 percent stake in DiscoverReady LLC, which provides document-review services to companies and their lawyers. Financial terms were not disclosed...
Berkshire Hathaway says 3Q profit triples to $3.2B
Nov 6th, 2009 - AOL Money & Finance
OMAHA, Neb. -Warren Buffett's company said Friday that its third-quarter profit tripled as the improving economy and stock market boosted the value of Berkshire Hathaway Inc.'s derivative contracts. Berkshire said it generated $3.2 billion...
Buffett's Berkshire Profit Triples on Stock Rally
Nov 6th, 2009 - Bloomberg
Nov. 6 (Bloomberg) -- Billionaire investor Warren Buffett’sBerkshire Hathaway Inc. said third-quarter profit tripled asstock markets advanced and the cost of compensating insurancecustomers for storm damage dropped.
