GM CFO sees “more stable” chip supplies in 2022, reaffirms 2021 outlook

General Motors Co (GM.N) Chief Financial Officer Paul Jacobson reaffirmed the automaker’s 2021 profit outlook and said the company expects a “more stable year” in 2022 for semiconductor supplies. Jacobson said during a conference call with investors that GM still expects to deliver pre-tax profits for 2021 in the range of $11.5 billion to $13.5 […]

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China’s factory inflation hits 13-year high as materials costs soar

China’s factory gate inflation hit a 13-year high in August driven by roaring raw materials prices despite Beijing’s attempts to cool them, putting more pressure on manufacturers in the world’s second-largest economy. The producer price index (PPI) rose 9.5% from a year earlier in August, the National Bureau of Statistics (NBS) said on Thursday, faster […]

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ViacomCBS’ head of Nickelodeon to take over Paramount movie studio

Brian Robbins, head of ViacomCBS Inc’s (VIAC.O) children’s network Nickelodeon, will take over as the chairman and chief executive of the media company’s Paramount movie studio, according to a source familiar with the matter. Robbins will succeed Jim Gianopulos, Paramount Pictures’ current CEO. The move, first reported by the Wall Street Journal on Friday, comes […]

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