Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business.
Africa is quickly becoming one of the business world's most supercharged areas, with a burgeoning startup scene, expansive infrastructure projects, and capital pouring in from across the world. In this series, Quicktake Originals takes an in-depth look at the domestic and international projects that are shaping modern Africa, and their implications for the global economy.
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General Motors Co. earned $9.19 billion last year, the largest annual profit in its 103-year-history, while saying it may take months to craft a plan to stop European losses.
Fourth-quarter net income attributable to stockholders slid 48 percent to $725 million, the lowest in two years. GM, which regained the global auto sales lead last year, had earned more than $2 billion in each of the three previous quarters. Profit in the fourth quarter fell 25 percent to 39 cents a share, trailing the 41-cent average estimate of 17 analysts surveyed by Bloomberg.