General Motors has apologized profusely in recent days for an ignition-switch defect that existed for nine years and has been tied to at least 13 deaths in U.S. But apologies might be all many of the injured get.
Auto makers are taking a fresh crack at solving the problem of how to make money on the tiny cars that European regulators, and many consumers, want them to sell. Profit margins on what are commonly known as city or mini cars are wafer-thin.
The Bloomberg list of top investment banking earners is out, and JPMorgan Chase, Bank of America, and Citigroup are all in the top five. Who's no. 1? Meanwhile, Wells Fargo reaches a settlement in court.
McDonald’s endured a Mighty Wings fiasco, at least according to the media. The truth is that Mighty Wings didn't fail as badly as most people think, and McDonald’s now has a plan to clear excess inventory. Therefore, dividend investors should feel somewhat at ease.