Thursday, January 18, 2018

Beyond Tampa Bay: business briefs

Results at Ford Motor Co. could test investors' willingness to hang in during a year of lower profits on the promise of better returns ahead. Ford said Thursday its first-quarter net income fell 39 percent to $989 million, or 24 cents per share. That's down from $1.64 billion, or 41 cents per share, in the January-March period a year ago. Dearborn-based Ford had warned that this year would be leaner than 2013, when it enjoyed a near-record pretax profit of $8.65 billion.

For the first time, General Motors Co. could have an official of the United Auto Workers union on its board of directors. UAW Vice President Joe Ashton was nominated to a board seat controlled by a UAW trust fund that pays retiree health care bills. He plans to retire from his union post in June. The move, which would be considered common in Europe, is a first for General Motors, and a sign of how the relationship between the company and the union has changed in the past decade.

Burger King reported a higher first-quarter profit as cost-cutting offset weak sales in the United States. The Miami-based chain said Friday global sales at established locations rose 2 percent as stronger results overseas boosted a 0.1 percent increase in the United States. McDonald's, Taco Bell and Dunkin' Donuts also reported underwhelming U.S. sales for the first three months of the year, citing the bad weather.

Philadelphia's two largest newspapers will be sold at an ascending-bid auction open only to insiders, a Delaware judge ruled Friday. The decision is a victory for majority owner George Norcross in his fight for control of the Philadelphia Inquirer and Philadelphia Daily News. Norcross and fellow investor Lewis Katz have been locked in a fight over how to run the company, prompting the troubled media company's latest sale. Both men have pledged to open with a starting bid of $77 million, which would make their 2012 investing partners whole.

Comments
Gunmen kill mother, daughter polio workers in Pakistan

Gunmen kill mother, daughter polio workers in Pakistan

Pakistani officials say gunmen shoot, kill mother and daughter taking part in an anti-polio campaign in southwestern city of Quetta
Updated: 8 minutes ago

AP Top News at 3:37 a.m. EST

AP Top News at 3:37 a.m. EST
Updated: 10 minutes ago

Pakistan, India trade fire in Kashmir, killing 4

Officials say Pakistani, Indian troops trade gunfire in disputed Himalayan region of Kashmir, killing 3 civilians and a soldier
Updated: 15 minutes ago
Human Rights Watch says Trump era encourages world dictators

Human Rights Watch says Trump era encourages world dictators

Human Rights Watch says that new intolerance in countries like the U.S. is encouraging oppressive strongmen from Russia to China and Turkey
Updated: 15 minutes ago
Aziz Ansari story sparks heated debate over #MeToo Movement

Aziz Ansari story sparks heated debate over #MeToo Movement

Online account of woman's date with Aziz Ansari sparks debate about whether #MeToo movement is sometimes being misused
Updated: 17 minutes ago

Here is the latest Florida sports news from The Associated Press

Here is the latest Florida sports news from The Associated Press
Updated: 17 minutes ago
Slow-moving winter storm leaves lingering effect in South

Slow-moving winter storm leaves lingering effect in South

Several Southern states will be dealing with the lingering effects of a slow-moving winter storm that dumped a half-foot (15 centimeters) of snow on North Carolina's largest cities, dusted the Deep South and killed at least eight people
Updated: 17 minutes ago
Schools remain closed as Germany prepares for winter storm

Schools remain closed as Germany prepares for winter storm

School remain closed in many parts of Germany as the country prepares for a winter storm that's expected to come in from the west and bring heavy snow, rain and gusty winds
Updated: 18 minutes ago
Grandparents shocked by reports of 13 starved grandchildren

Grandparents shocked by reports of 13 starved grandchildren

The grandparents of 13 starved and tortured children say their son's family looked happy and healthy when they last visited California six years ago
Updated: 22 minutes ago
Exports, consumers drive China's 6.9 percent growth in 2017

Exports, consumers drive China's 6.9 percent growth in 2017

Official figures show that China's economic growth picked up pace last year, expanding 6.9 percent
Updated: 22 minutes ago