Motorola Inc. more than quadrupled its third-quarter earnings to $479 million thanks largely to new handsets that boosted its sales by 26 percent. Net earnings for the July-through-September quarter were $479 million, or 20 cents per share, compared with $116 million, or 5 cents per share, a year earlier. Revenues were $8.62 billion, up from $6.83 billion a year ago.
Eastman Kodak Co., the world's biggest film manufacturer, which is navigating a tough transition to filmless photography, said today it earned $479 million, or $1.67 a share, up from $122 million, or 42 cents a share, a year ago.
General Motors Corp. and Ford Motor Co. said Tuesday the Securities and Exchange Commission has asked them to provide information on their pension and retiree health care plans as part of an inquiry into how companies prepare estimates used to calculate pension costs.
McDonald's Corp. reported a 42 percent jump in third-quarter profits Tuesday. For the July-through-September quarter, the company earned $778 million, or 61 cents a share, up from $547 million, or 43 cents a share, a year earlier. Revenues were up 9 percent to $4.9 billion from $4.5 billion a year earlier.
Hino Motor Manufacturing opened a new southern California truck assembly plant Tuesday as part of parent company Toyota Motor Corp.'s effort to expand market share in the U.S.