Magna International

GE soars to hold Dow over 10,000

Stocks on Wall Street snapped a two-week losing streak as a surge in General Electric nudged the Dow Jones Industrial Average back above 10,000, for the biggest weekly gain in a month.The Dow rose 17....

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Opel chief quits after GM decides to keep European unit!

Updated on Saturday, November 07, 2009, 10:49 IST Tags:Opel Chief quits, General Motors New York: General Motors said on Friday it will seek a new chief for European operations with Carl-Peter Forster quitting following the...

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Business staffing plans for Friday, Nov. 6

BUSINESS EDITORS: Here are The Canadian Press Business staffing plans as of 4 p.m. EST. MONTREAL _ Air Canada (TSX:AC.B) is seeing small signs of improvement but doesn't expect full recovery in its key business class for at...

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Hillary Clinton departs on European, Asian tour

WASHINGTON, November 7 (RIA Novosti) - U.S. Secretary of State Hillary Clinton will travel to Europe and Asia on November 8-19, the State Department has said in a statement. During the first leg of her extensive tour, Clinton...

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Earnings report jolts stock

Up 14% for the biggest one-day gain in 18 years after the auto parts firm posts a surprise profit Tony Van Alphen Business Reporter Magna International's stock price shot up more than 14 per cent Friday in its biggest one-day...

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GM says Europe chief Forster to leave post

Carl-Peter Forster, the chief executive of General Motors Europe who runs its struggling Opel unit, will leave the company, GM said Friday. GM said in a statement that Forster, 55, would advise the company on picking a new Opel...

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GM could deploy U.S. funding overseas

Published: Nov. 6, 2009 at 3:09 PM DETROIT, Nov. 6 (UPI) -- General Motors Co. Chief Executive Officer Fritz Henderson said the U.S. automaker could use federal money to support its struggling European operations. The U.S....

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AIG, Magna, Activision Blizzard are big movers

By The Associated Press NEW YORK (AP) - The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange: NYSE: American International Group Inc., down $3.80 at $35.48 The...

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Magna International Inc. Is Spiking Higher On Q3 Results

Magna International Inc. (MGA: News ) reported third quarter net income of $0.45 after the bell Thursday, compared to the loss of $1.93 reported last year. Magna International Inc. gapped up Friday and has spiked higher in...

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Shares of auto supplier Magna soar on earnings

NEW YORK — Shares of Magna International Inc. soared Friday after the Canadian auto supplier said it posted a $51 million third-quarter profit, blowing away Wall Street predictions. In midday trading, Magna shares jumped $6.55,...

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