Page 24 - Aruba Today

A24
BUSINESSThursday 4 February 2016
Long-term rentals
Nice fully furnished apartment in
Rooi Santo, Price is Negotiable!!
( incl condo fee and excl utensil
) | USD 1690.00 | Quick Code:
017669 |
Space to turn into Hair Salon |
Seeking space to convert into
Hair Salon -20 m2 -Water
Connection -Oranjestad area -
has parking space -has AC -as
of June 2016 | Afl. 800.00 |
Quick Code: 017616 |
3 bedroom furnished home for
rent | $1700.00 per month
includes garden maintenance
and alarm monitoring. Excludes
utilities. | USD 1700.00 | Quick
Code: 06468 |
Cozy, fully furnished villa for
longterm rent close to the beach
and golf course. Three
bedrooms, two and a half
bathroom. Fully airconditioned.
US3500/month, excl. utilities.
Available from April 8 2016 |
Quick Code: 016720 |
For sale
FOR SALE Villa Esmeralda 65 |
| Afl. 1100040.00 | Tel. 5939177
| Quick Code: 012862 |
2 bedroom Apartments in noord
| including : CABLE / GAS /
INTERNET | Afl. 1800.00 |
Quick Code: 017641 |
Furnished apartment for rent at
Bushiri: 1 bedroom 1 Kitchen
and living room Gated parking
available per Feb 1st 2016
Included: Gas/Basic cable.
Excluded: Water/prepaid Electra
/ Internet Deposit: awg. 800.00
1 month advance | Afl. 800.00
Quick Code: 015770
Sabana Grandi Property Land |
Nice lot located in the quiet area
of Sabana Grandi. This lot offers
600 m2 of property land and is
ready to be built. | Quick Code:
013682 |
Alto Vista 59-B | House with 3
apartments for sale in the great
neighborhood of Alto Vista! It
consists of 2 bedrooms and 2
bathrooms. Two of the
apartments have 2 bedrooms
and 1 bathroom and 1
apartment consists of 1
bedroom and 1 bathroom. | Afl.
449500.00 | Tel. 582 44 94 |
Quick Code: 08509 |
Savaneta 313 | Well maintained
house for sale in Savaneta. This
3 bedroom, 1 bathroom house is
located on the main road to San
Nicolas. It has a covered porch
and a beautifully landscaped
garden. House is in great
condition | Afl. 375240.00 |
Quick Code: 08284 |
N. America, China power GM to record profit
TOM KRISHER
AP Auto Writer
DETROIT (AP) — If you’re an
automaker, especially one
from Detroit, conditions
probably aren’t going to
be better for you to make
a lot of cash.
For General Motors, that’s
what happened last year
as the company posted a
record $9.7 billion net profit. for years. GM shares are
Yes, a good chunk of that
was a $3.9 billion one-time
accounting gain due to
better prospects in Eu-
rope, but the company still
made billions on booming
sales of its strong lineup of
SUVs and trucks, mainly in
North America.
Earnings were so strong that
most of GM’s 49,600 hourly
workers will get $11,000
profit-sharing checks on
Feb. 26. The checks were
based on North American
pretax earnings, which hit
a record of just over $11 bil-
lion for the year.
Yet even with the earnings,
GM gets no respect from

This Friday, May 16, 2014, file photo, shows the General Motors For the fourth quarter, GM
logo at the company’s world headquarters in Detroit. GM re- posted a profit of $6.3 bil-
ports financial results on Wednesday, Feb. 3, 2016. lion, including the ac-
counting gain in Europe.
Associated Press GM expects to break even
there this year and took
the stock market. Its shares actually worked against the gain because pros-
were down 3.5 percent GM, with investors fear- pects for making money
at midday Wednesday to ing that auto sales have are good.
$28.61. Investors haven’t peaked and the U.S. is to- Without special items, the
been kind to auto stocks ward the end of a seven- company earned $1.39 per
year positive economic share, beating estimates of
down more than 15 per- cycle, said Jeff Windau, $1.20. Fourth-quarter rev-
cent in the past year, and equities analyst with Ed- enue was flat at $39.6 bil-
are more than $4 below ward Jones in St. Louis. lion, just below Wall Street
the company’s initial pub- Although GM execu- expectations.
lic offering price of $33 in tives tried to highlight that In Europe, GM lost $298 mil-
November of 2010. there’s still room for growth, lion before taxes, narrow-
The strong performance investors are skeptical ing the loss from last year.
about what will drive it, he International operations in-
said. cluding China made $408
“As you post strong num- million, while the compa-
bers, it raises the question ny lost $47 million in South
of how much better can America.
it get?” said Windau, who Chief Financial Officer
gives GM a “Hold” rating Chuck Stevens said he
but forecasts modest sales wasn’t worried about the
growth. full-year drop in revenue,
Excluding special items, blaming currency fluctua-
GM earned $5.02 per share tions for about a $10 billion
for the year, beating Wall decline.
Street estimates of $4.82. “Size for size sake is not
Full-year revenue fell just something that drives us,”
over 2 percent to $152.4 he said. “Growing profit-
billion, but still beat analyst ability is much more im-
estimates of $144.9 billion. portant to us than growing
revenue.”
He argued against the the-
ory that the U.S. economy
is poised for a downturn,
saying that fundamentals
remain strong. Still, GM will
maintain a low break-even
point, seek cost efficien-
cies and control inventory
levels just in case, he said.
“We believe we are well-
positioned for the down-
turn,” Stevens said. q