GM"s troubled Korea unit says annual net loss widens to $1.1 billion

SEOUL (Reuters) - General Motors has agreed to provide $3.6 billion in fresh funding to its troubled South Korean unit, higher than its previously proposed $2.3 billion as part of a preliminary deal, South Korea said on Thursday......»»

DETROIT/SEOUL (Reuters) - General Motors Co's president said common ground must be reached on a long-term financial restructuring of GM's South Korean auto unit by next Friday and if there was none, the operation would likely seek bankruptcy protection......»»

South Korea says it has reached an agreement with General Motors to inject $4.35 billion in funding to keep the loss-making Korean unit afloat......»»

South Korea says it has reached an agreement with General Motors to inject $4.35 billion in funding to keep the loss-making Korean unit afloat......»»

General Electric’s revenue fell 12% to $17.1 billion, reflecting a 28% decline in its aviation unit and a 9% drop in its healthcare unit after selling off part of the business......»»

Berkshire Hathaway CEO Warren Buffett admitted to investors in his annual letter that a mistake he made led to an $11 billion loss in 2020, even as quarterly profits continued to rise......»»

BP reported a profit of $115 million in the last quarter of 2020, falling short of analysts' estimates. BP gas station in SOUTHGATE, MICHIGAN Gregory Shamus/Getty Images BP report.....»»

American Airlines said it burned around $30 million of cash on average per day in the quarter ended December 31. An American Airlines plane departing from Washington, DC. Chip Somodevilla/Getty American Airlines posted an $8.9 billion annu.....»»

US plane manufacturer Boeing has been severely damaged by the impact of COVID-19, and recorded a record $11.9 billion annual loss for 2020. A Boeing 777X jet. Boeing .....»»

Shares of Boeing Co. sank 1.7% in premarket trading Wednesday, after the aerospace and defense giant reported a fo.....»»

First quarter net loss attributable to Icahn Enterprises of $1.4 billion, or a loss of $6.34 per depositary unit Board approves quarterly distribution of .....»»

Occidental Petroleum Corp on Tuesday swung to a first quarter loss on writedowns and charges, and the troubled U.S. oil producer cut its budget for the third time since March in response to a historic oil-price crash......»»

Occidental Petroleum Corp on Tuesday reported that it swung to a loss in the first quarter on write downs, and the troubled oil producer cut its budget for the third time since March in response to the historic crash of oil prices......»»

Tomohiro Ohsumi/Getty Images Japanese mega-investor SoftBank says its tech-focused Vision Fund will book a $17 billion annual operating loss. The Vision Fund has posted operating losses for three consecutive quarters, pu.....»»

TOKYO -- SoftBank Group Corp. is on track for its worst annual performance in its 39-year history as the tech conglomerate said it expected to lose nearly $17 billion in its Vision Fund for the fiscal year just ended......»»

Ohio's hospitals have seen nearly one-third of their revenue evaporate from suspending non-essential procedures while gearing up for the coronavirus surge – a collective negative impact of $1.2 billion per month. Annual revenue is about $48 billion fo.....»»

Full year 2019 net loss attributable to Icahn Enterprises of $1.1 billion, or a loss of $5.38 per depositary unit Board approves quarterly distribution of $.....»»

Swedish fintech start-up Klarna has reported an annual loss for the first time, following years of profitability......»»

Revenues of $312.1 million and a net loss of $285.5 million, or $(0.71) per common unit, in the fourth quarter of 2019 Adjusted net income attributable to the partners and preferred unitholders(1) of $1.....»»

Japan's Mitsubishi Heavy Industries said on Thursday it will book a 496.4 billion yen ($4.5 billion) special loss after its aircraft unit delayed the delivery of its SpaceJet regional jet for at least another year until after March 2021......»»