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Politics : Formerly About Advanced Micro Devices

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To: i-node who wrote (645571)	2/16/2012 2:05:03 PM
From: bentway	1 Recommendation Read Replies (1) of 1573829

GM's 2011 Profit: Biggest Ever IT MADE $7.6B; THAT'S UP 62% OVER 2010 By the Associated Press newser.com Posted Feb 16, 2012 7:12 AM CST (AP) – General Motors earned its highest profit ever last year. The 103-year-old company made $7.6 billion in 2011, up 62% from 2010. Full-year revenue rose 11% to $105 billion. North America led the way with a $7.2 billion pretax profit, but problems surfaced that could hurt future earnings: GM lost $700 million before taxes in Europe, and lost $100 million in South America. GM'S fourth-quarter profit was flat with 2010, with the auto giant pulling in $500 million, or 28 cents per share. Revenue rose 3% to $38 billion. Before one-time items, GM earned 40 cents per share. Analysts expected earnings of 42 cents on revenue of $37.9 billion. The company says union workers will get $7,000 profit-sharing checks.

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