DEARBORN, Mich. —
Ford Motor Co. said Thursday its loss narrrowed to $2.8 billion in the fourth quarter and $2.7 billion for the year amid continued weakness in North America. Ford President and Chief Executive Alan Mulally said the company’s operations are improving but the outlook for U.S. sales in 2008 is grim. [...]
PARIS —
Societe Generale uncovered a $7.14 billion fraud — one of history’s biggest — by a single futures trader who orchestrated a series of bogus transactions that spiraled out of control amid roiling markets this week, the French bank said Thursday. Executives said the trader, a French man in his 30s, acted alone. [...]
HELSINKI, Finland —
Nokia Corp., the world’s No. 1 mobile phone maker, on Thursday said that fourth-quarter net profit surged 44 percent to $2.6 billion and that it had reached its long-term goal of 40 percent market share in handset sales. The company’s stock soared. Finland-based Nokia said that net sales in October through [...]
LONDON —
European markets surged Thursday as a stunning comeback on Wall Street a day earlier heartened investors worried over the outlook for the U.S. economy. Markets in Britain, Germany, and France followed most Asian markets higher Thursday morning, helping erase losses from their steep slide earlier this week that was driven by fears [...]
