financial results

General Motors shares rose after record profits and a new stake in the lithium company  CNN Business

General Motors shares rose after record profits and a new stake in the lithium company CNN Business

New York CNN – General Motors reported much stronger-than-expected fourth-quarter earnings, pushing full-year results to record highs for the second year in a row. The largest US automaker also said on Tuesday it was buying a $650 million stake in Lithium Americas, which would give it access to raw materials needed to build batteries to …

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Netflix Founder Reed Hastings Steps Down As Co-CEO |  CNN Business

Netflix Founder Reed Hastings Steps Down As Co-CEO | CNN Business

New York CNN – Netflix announced Thursday that founder Reed Hastings will step down as co-CEO of the company and will serve as CEO. Hastings will be replaced by co-CEOs Ted Sarandos and Greg Peters. “Our board has been debating succession planning for many years (even founders need to evolve!),” Hastings wrote in a blog …

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