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Wednesday
Dec 03rd
Hardworking arrow News arrow Business arrow Business arrow GM profits drop 90 percent on losses at mortgage unit (AFP)
GM profits drop 90 percent on losses at mortgage unit (AFP)
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General Motors President Rick Wagoner delivers a speech during the 77th Geneva Motor Show in Geneva, March 2007. General Motors has reported a 90 percent drop in quarterly profits as losses at its lending arm due to weakness in the housing market offset improved results in automotive operations.(AFP/File/Fabrice Coffrini)AFP - General Motors reported a 90 percent drop in quarterly profits Thursday as losses at its lending arm due to weakness in the housing market offset improved results in automotive operations.



Read more at: http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/afp/20070503/bs_afp/uscompanyearningsauto.
 
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