When Ford Motor Co. posts fourth- quarter results tomorrow, the numbers probably won’t look great, likely the lowest operating profit of the year. Those figures mask the optimism coming from an unlikely place: Europe.
Canadian Pacific Railway Ltd. may face pressure to sell the company after William Ackman’s Pershing Square Capital Management LP bought a 12.2 percent stake and said it expects to hold talks with management.
At General Motors Co. ’s first annual meeting since going public again, Dan Akerson can talk up market-share gains and profit that old GM hadn’t seen in a decade. What he can’t do is take a victory lap.
General Motors Co., 33 percent owned by the U.S., fell 4.3 percent after saying the company may be less profitable in the second half following earnings that topped analysts’ estimates for the second quarter.