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GM posts 4th China sales drop in 5 months as slump deepens
2015-09-08 13:46:17| Auto Dealers - Topix.net
General Motors said sales in China declined for the fourth time in five months, deepening its slump in the world's largest auto market. GM and its China joint ventures delivered 248,815 vehicles in August, 4.8 percent fewer than a year earlier, according to a statement on its website Monday.
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Troubled Toshiba posts $318m loss
2015-09-07 05:03:55| BBC News | Business | UK Edition
Troubled Japanese conglomerate Toshiba posts a net loss of 37.8bn yen ($318m; 209.3m) for the year to March.
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Navistar may face SEC lawsuit, posts 12th consecutive loss
2015-09-02 20:08:52| Automakers - Topix.net
Navistar said it received Wells notices from the U.S. Securities and Exchange Commission that recommended enforcement action against the company and former Chief Executive Officer Daniel Ustian for allegedly violating regulations of disclosures and financial statements. During a conference call with analysts, Navistar officials said they could not comment on the case beyond saying the company was working on its response to the Wells notices.
Rural Equities posts 27% decline in annual earnings after milk prices slumped
2015-09-01 03:17:34| Food - Topix.net
Rural Equities, the farming group majority-owned by the Cushing family , posted a 27% decline in annual earnings as milk prices plummeted. The Hastings-based company said operating earnings before interest and tax fell to $4.67 million in the year ended June 30, from $6.43 million a year earlier as Fonterra Cooperative Group slashed its milk price payout to $4.40 per kilogram of milk solids from $8.40/kgMS the previous year.
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Teen apparel retailer Aeropostale posts loss for eleventh straight quarter
2015-08-28 02:31:45| Apparel - Topix.net
Shares of the company, which also reported lower-than-expected quarterly sales, fell about 5 percent in extended trading on Thursday. The mall-based retailer offered heavy discounts on older merchandise to make way for newer and trendier styles for the crucial back-to-school shopping season, Chief Executive Julian Geiger said on a conference call.
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