Metro-East News

July 24, 2014

Daily business briefing: Recalls cost GM $1.5 million

The almost 30 million vehicles recalled this year by General Motor's have cut $1.5 billion from the auto maker's bottom line during the second quarter and reduced its net income by 85 percent. Read more at ...


At Ford, net income rose 6 percent to $1.3 billion during the second quarter. The company is closing one of its U.S. pickup truck plants to prepare for its new aluminum-sided F-150 and spending more on materials and advertising. Find out more at ...


Southwest Airlines is reporting a record profit for the second quarter. The airlines net income soared to $465 million, more than doubling what it earned a year ago. Find out more at ...


United Airlines has reported a net income of $789 million during the second quarter, a turnaround from the first quarter when United was the only major U.S. carrier to report a loss. Learn more at

-- Will Buss, BND business writer

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