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Ally CEO prepares to boost subprime auto lending, cope with loss of GM

2015-02-20 20:22:51| Auto Dealers - Topix.net

Brown, the new Charlotte-based CEO at Ally Financial Inc. , told the news service that eventually losing the remaining exclusive leasing deals with GM is a "planning assumption we've got today." GM has recently begun bringing new-vehicle finance operations back in-house for most of its brands, under the GM Financial wing.

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Significant 4Q loss reported by Gibraltar Industries

2015-02-20 17:00:58| Steel - Topix.net

Gibraltar Industries saw a loss of $95.7 million in the fourth quarter because of an impairment charge related to reductions in the value of the company's industrial and infrastructure products segment. "The segment's revenues and profit margins have decreased and future cash flows are expected to be modest in the near term," CFO Kenneth Smith said.

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Enbridge swings to $88M profit in Q4, reversing bit year-earlier loss

2015-02-20 08:00:04| Oil & Gas - Topix.net

Enbridge Inc. has posted an $88-million profit for the fourth quarter, a big change from a year ago when it took a big hedging loss in its energy services division. The Calgary-based concern, one of North America's biggest pipeline operators, said the quarterly earnings amounted to 10 cents per diluted per share.

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Walter Energy reports $470M net loss in 2014

2015-02-20 01:35:43| Industrial Machines - Topix.net

The year-end and 4Q earnings were reported this week for the Magic City's 12th largest public company, a couple of months after BB&T Capital Markets predicted the metallurgical coal producer would file for bankruptcy in 2015. That is up from a reported net loss of $359 million in 2013, according to a report by Yahoo Finance.

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Virgin Australia loss narrows

2015-02-19 01:35:15| BBC News | Business | UK Edition

Virgin Australia saw its losses narrow to A$47.8m in the six months to December because of lower oil prices and a cost-cutting programme.

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