American Axle posts second-quarter loss, citing strike effects
                   
cjbk.com     Jul 25, 2008            

By: THE ASSOCIATED PRESS NEW YORK - American Axle & Manufacturing Holdings Inc. said Friday it posted a US$644.3 million second-quarter loss, blaming a nearly three-month long strike that crippled production as well as charges related to a new labour agreement. The Detroit-based auto supplier's loss, which amounted to $12.49 per share, compared with a profit of $34.6 million, or 66 cents per share, for the same quarter in 2007. American Axle said the results included charges of $575.6 million, or $11.16 per share, related to new labour agreements, worker buyouts, plant closures and other moves designed to align the company's production with current and future demand. Excluding those charges, the loss was still larger than Wall Street expected. Analysts polled by Thomson Financial expected a loss of 98 cents per share for the... [read full story]                    


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InPlay: Intel and Yahoo confirm plan to bring the Internet to television (Briefing.com)

yahoo.com     45 mins ago   11 related          

3:50PM Earnings Calendar : Today after the close look for the following companies to report: AFCE, BYI, CLZR, IMOS, CTRN, GYMB, HOTT, JDSU, LTD, PVH, RGS, CRM, SMTC, SYMM, and SNPS. 1:02PM Golden Star Resources appoints John...                    

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GM Fires Up the Employee Pricing Incentive -- Again

edmunds.com     1 hr ago   99 related          

Today begins a new round of "Employee Pricing" at GM, an incentive program not used by The General since 2005. As the "sell-by" date on 2008 models rapidly approaches every manufacturer is forced to get the old metal out before...                    

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UPDATE - GM-Navistar truck pact expires without final deal (at Reuters)

yahoo.com     2 hrs ago   13 related          

CHICAGO, Aug 20 (Reuters) - Navistar International Corp (NAV.N: ) on Wednesday said a tentative agreement struck late last year to buy General Motors Corp's (GM.N: ) medium-duty truck business has expired without a deal being...                    

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Merchants Terminal Corp. starts construction of distribution center at former GM site (at...

yahoo.com     2 hrs ago          

Wednesday, August 20, 2008 - 2:03 PM EDT | Modified: Wednesday, August 20, 2008 - 2:13 PM Merchants Terminal Corp. starts expansion at former GM site Baltimore Business Journal - by Scott Dance Staff Merchants Terminal Corp.,...                    

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