Archive for April 24th, 2014

GM posts lower first-quarter profit after recall costs

April 24, 2014
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DETROIT (Reuters) – General Motors Co on Thursday posted lower quarterly profit after a massive recall due to defective ignition switches linked to at least 13 deaths, but results still topped Wall Street expectations on strong pricing for its vehicles, especially in North America.
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Private equity firm KKR’s first-quarter earnings drop 3 percent on fund values

April 24, 2014
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By Greg Roumeliotis NEW YORK (Reuters) – Private equity firm KKR & Co LP on Thursday reported a 3 percent year-on-year drop in first-quarter profit due to a lower appreciation of its investments, overshadowing a near-doubling in fees it received for managing assets and doing deals.
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FDA proposes first regulations for e-cigarettes

April 24, 2014
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WASHINGTON (AP) — The federal government wants to ban sales of electronic cigarettes to minors and require approval for new products and health warning labels under regulations being proposed by the Food and Drug Administration.
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Obama: New sanctions against Russia are ‘teed up’

April 24, 2014
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TOKYO (AP) — Warning Russia that new economic sanctions are “teed up,” President Barack Obama accused Moscow of failing to live up to an agreement last week to ease tensions in eastern Ukraine.
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Apple shares hit 2014 highs, Asian stocks lag

April 24, 2014
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By Wayne Cole SYDNEY (Reuters) – Shares in tech heavyweights Apple and Facebook held hefty after-hours gains on Thursday as their results handily outpaced Wall Street expectations, though Asian markets managed only a mumbled cheer.
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African Barrick Gold core earnings, revenue fall on lower prices

April 24, 2014
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(Reuters) – Miner African Barrick Gold said revenue and core earnings for the first quarter fell as it realised lower prices for the yellow metal during the period.
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