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ID: 28456
Title: Yahoo! News: Earnings News Yahoo! News GM swings to 4Q profit on cost cuts (AP)
Description: Earnings News

Unsold 2006 Lucernes sit outside a Buick dealership in Boulder, Colo., in this Feb. 18, 2007 file photo. General Motors Corp. reported a net profit on Wednesday, March 14, 2007 of $950 million for the fourth quarter of 2006 due to cost cuts, higher automotive revenues and a gain on the sale of its finance division. (AP Photo/David Zalubowski, file)AP - General Motors Corp. accomplished something in the fourth quarter of 2006 that domestic automakers have been unable to do for some time: it reported a profit. Now comes the hard part — repeating that success. The company's chief financial officer stopped short of promising it this year, but he did pledge continued improvement over last year's numbers.


Category: Business/Company Earnings/
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Date Added: March 14, 2007 10:53:40 PM
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