Automotive revenue surged to $38.5 billion in the last quarter of 2017, better than projected, but strong sales only boosted earnings to what investors called a disappointing level. CFO Bob Shanks called it “a very challenging year.”
Was former CEO Jeff Immelt wearing rose-colored glasses? Analysts are expressing disbelief that he and other members of the old management team didn’t know problems existed.
Alphons Iacobelli, a former Fiat Chrysler U.S. labor relations chief, plead guilty for his role in a scheme to raid more than a million dollars from a union fund meant for worker training.
Texas Instruments’ reach makes it a proxy for demand across the economy, as it produces at least some kind of chip for almost everything that runs on electricity.
Pentagon regulations provide for reimbursing restructuring costs if projected savings exceed $2 on every $1 spent.