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GM Overcomes Huge Recall Costs to Post Healthy 3Q Profit

2015-10-21 14:42:53| Automakers - Topix.net

General Motors ' third-quarter profit fell slightly, but the company rode strong North American sales to overcome $1.5 billion in costs from its deadly ignition switch recall. The Detroit automaker's net income slipped 1.4 percent from a year ago, but still was $1.36 billion, or 84 cents per share.

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Cheaper borrowing costs spur corporate bond sales, AMP Capital says

2015-10-21 08:31:12| Food - Topix.net

New Zealand's relatively cheap local borrowing costs are spurring companies to raise cash by selling bonds, according to fund manager AMP Capital Investors . The Wellington-based firm, which manages more than $19 billion of assets, predicts more companies will tap New Zealand's corporate bond market as low interest rates encourage them to borrow locally.

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Study: Climate change adding billions to US hurricane costs

2015-10-19 19:55:00| Climate Ark Climate Change & Global Warming Newsfeed

USA Today: The economic cost of U.S. hurricane strikes has increased dramatically due to man-made climate change, says a study out Monday. "The rise in losses is consistent with an influence of global warming on the number and intensity of hurricanes, an influence which may have accounted for 2% to 12% of the U.S. hurricane losses in 2005," according to the study. In 2005 alone, climate change was likely responsible for close to $14 billion of additional damage, including the part of the devastation from...

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Monsanto Harvests Jobs To Cut Costs

2015-10-19 10:04:38| Chemicals - Topix.net

Monsanto has expectations for earnings per share to double by 2019, and while the global economic environment remains uncertain, we like the chances it will achieve such a goal. Monsanto recently developed a restructuring plan in which it will cut 2,600 jobs to reduce costs over the next 18-24 months.

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Group urges Vectren to reduce energy waste and lower costs

2015-10-18 04:36:35| Energy - Topix.net

Calling for change in energy efficiency, a group of people marched through downtown Evansville Saturday urging Vectren to reduce energy waste and lower costs. Sierra Club members say the statewide energy savings program was saving nearly $3 for every $1 spent and was gutted last year.

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