GM posts $898 mn Q4 net profit

GM posts $898 mn Q4 net profit

DETROIT: General Motors made money in North America and Asia and lost a bundle in Europe as it nearly doubled last year's fourth-quarter profit.

The biggest US automaker reported net income of $898 million, compared with $468 million, a year earlier. Revenue grew 3 per cent to $39.3 billion.

Pepsi Q4 net profit up 17%

NEW YORK: PepsiCo's net income rose 17 per cent in the fourth quarter on higher prices and strength in Latin America.

For the period that ended December 29, PepsiCo Inc. earned $1.66 billion. That's compared with $1.42 billion a year ago. Revenue dipped 1 per cent to $20 billion from $20.2 billion, hurt in part by a stronger dollar.

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