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General Motors reports $2 billion profit


November 10th, 2010 - 9:21 pm ICT by BNO News
DETROIT, MICHIGAN (BNO NEWS) -- General Motors Company (GM) on Wednesday reported its net income of $2 billion in the third quarter with a revenue of $34 billion, which represents a 20 ... Read more...

Posted in Business |

General Motors to file for bankruptcy on Monday; will close 11 plants


June 1st, 2009 - 11:28 am ICT by admin
WASHINGTON, D.C. (BNO NEWS) -- General Motors will use section 363 of the bankruptcy code in an effort to reorganize the company and clear its multi-billion debt, the White House confirmed on ... Read more...

Posted in Business |

Now IBM axing jobs in Canada


March 27th, 2009 - 1:40 pm ICT by IANS
By Gurmukh Singh Toronto, march 27 (IANS) IBM Canada, which has 19,600 employees on its rolls, announced Thursday that it is axing a number of jobs to contain costs.The US software giant, which ... Read more...

Posted in Business |

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