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., the biggest U.S. automaker, rose to the highest price in since July 2011 after reporting a narrower first-quarter loss in Europe than a year earlier and earning more money than analysts had estimated.