Tag: Potential

Wall Street may need some convincing beyond GM’s reporting fourth-quarter profit and sales at least in line with expectations. For one, GM may soon find itself in even hotter water with Washington: Workforce cuts are expected to start to roll on Monday, said David Kudla, chief investment strategist with Mainstay Capital Management in Michigan. As the company unfurls more of its cost-cutting plans, expect “more political and public backlash,” Kudla said in a recent note. The macro picture is also not that favorable, with U.S. new-car sales slowing and concerns that GM profits may have peaked. Here’s what to expect: Earnings: Analysts polled by FactSet expect GM to report adjusted fourth-quarter earnings of $1.24 a share, compared with adjusted earnings of $1.65 a share in the fourth quarter of 2017. Estimize, a crowdsourcing platform that gathers estimates from Wall Street analysts as well as buy-side analysts, fund managers, company executives, academics and others, expects GM to report an adjusted profit of $1.34 a share. Stock reaction: GM shares have roared 16% this year. What else to look for: GM in January raised its profit guidance for 2018 and said its 2019 profit would grow thanks to resilience in two of its largest markets, the U.S. and China. Any changes, if needed, would likely come later in the year, Nelson said. The car maker shook markets in November by announcing a sweeping restructuring plan that included layoffs, closing plants, and streamlining its vehicle lineup.

Democrats expressed frustration that the FBI had not spoken to Ford, nor a host of other potential witnesses in connection with the probe. » Subscribe to MSNBC: http://on.msnbc.com/SubscribeTomsnbc About: MSNBC is the premier destination for in-depth analysis of daily headlines,…

A rightwing thinktank has been offering potential US donors access to government ministers and civil servants as it raises cash for research to support the free-trade deals demanded by hardline Brexiters, according to an investigation. The director of the Institute of Economic Affairs (IEA) was secretly recorded telling an undercover reporter that funders could get to know ministers on first-name terms and that his organisation was in “the Brexit influencing game”. In July it launched a £50,000 prize for ideas about harnessing the free market to solve the UK’s housing crisis. The recordings include discussions between Littlewood and the reporter in which the IEA director sets out the potential benefits of funding work by the thinktank. These foods are currently banned in the UK: Chlorine-washed chicken (banned in the EU). Hormone-treated beef (banned in the EU). Food colourants (banned in the UK, regulated in the EU). She said he only ever had meetings “on merit”, adding: “We would not want any ambiguity whatsoever to exist on this point.” Littlewood claimed the IEA also arranged for Link, and the director of an Oklahoma business thinktank, to go to the Department for International Trade, Fox’s department, where they met a senior civil servant. Davis, Baker and Lord Callanan, a Brexit minister, all recorded meetings with the IEA in the first three months of this year. The IEA has argued that Greenpeace should not have charitable status because it serves “no public purpose” and has accused it of opposing GM rice “that could prevent the deaths of more than 2 million children a year”.

Open this photo in gallery: Quebec telecom and media magnate Pierre Karl Péladeau renewed speculation Tuesday he is considering a return to politics. His abrupt departure in May 2016 as head of the Parti Quebecois was against his will and due to family reasons, he told Radio-Canada. But things have changed since then, he suggested. Anyone following the social media posts of the self-avowed nationalist who wanted to be leader of an independent Quebec will not be surprised he is not closing the door to an eventual political comeback. He has come out strongly against the Quebec Liberal's investment in aerospace giant Bombardier, as well as the government's recent multimillion-dollar aid package to newspaper companies in competition with his own. "We have a leader right now and it's Jean-Francois Lisee," Péladeau said, conspicuously using the term "we," while reminding the radio host he is still a member of the party. Lisee was asked later in the day about Péladeau's comments and said, "the door is wide open." When asked if a potential return would threaten his leadership, Lisee responded, "we need to have a strong team. Drainville made the comments on a popular news commentary show on Péladeau's flagship news network, LCN. Péladeau said he was watching TV recently with his nine-year-old daughter, when she told him she wanted him to run for office again.