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Monday
Nov 17th
Hardworking arrow News arrow Business arrow Business arrow GM profit plunges after housing finance loss (Reuters)
GM profit plunges after housing finance loss (Reuters)
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General Motors Chairman and CEO Rick Wagoner during a news conference in Detroit, October 4, 2006. GM on Thursday posted lower first-quarter earnings as mortgage-related losses at its GMAC affiliate more than offset improvement in its automotive operations. (Rebecca Cook/Reuters)Reuters - General Motors Corp. on Thursday reported a 90 percent drop in first-quarter earnings, missing Wall Street estimates by a wide margin, as mortgage-related losses at its GMAC affiliate swamped gains in its main business.



Read more at: http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20070503/bs_nm/gm_results_dc.
 
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