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In flap over S. Carolina law, old tensions and a campaign issue

In flap over S. Carolina law, old tensions and a campaign issue


By Andy Sullivan COLUMBIA, South Carolina (Reuters) - The state that fired the first shot in the Civil War is once again battling the U.S. government in a racially charged conflict that is drawing ...
Divers suspend search of capsized Italy liner

Divers suspend search of capsized Italy liner


By Steve Scherer and Gabriele Pileri GIGLIO, Italy (Reuters) - Divers searching the capsized Italian cruise liner Costa Concordia suspended work on Wednesday after the vast wreck shifted slightly but officials said they are ...
Italy ship search suspended after hulk moves-officials

Italy ship search suspended after hulk moves-officials


GIGLIO, Italy (Reuters) - Italian divers suspended their search of the capsized cruise liner Costa Concordia after the vessel shifted slightly on its resting place near the Tuscan island of Giglio, officials said on Wednesday. ...

A logo of a Ford car is pictured during a press presentation prior to the Essen Motor Show in Essen November 30, 2012. REUTERS/Ina Fassbender

Ford fourth-quarter profit beats Street, widens Europe loss estimate
Ford fourth-quarter profit beats Street, widens Europe loss estimate
Posted : Tuesday, 29 January 2013 07:05AM

DETROIT (Reuters) - Ford Motor Co, the second-largest U.S. automaker, posted higher-than-expected fourth-quarter profit on the strength of its North American operations, but predicted a wider loss in Europe due to persistent weakness in the region.

Ford reported a per-share operating profit of 31 cents for the quarter, better than the average analyst estimate of 25 cents per share, according to Thomson Reuters I/B/E/S.

Ford said quarterly revenue totaled $36.5 billion, with the lion's share coming from its North American operations.

In Europe, Ford lost more than $1.75 billion last year, about in line with its outlook for a loss of more than $1.5 billion.

Ford deepened its 2013 loss estimate in the troubled region to $2 billion. Previously, the automaker said it expected its 2013 performance in Europe to be roughly equal to its 2012 loss.

(Reporting By Deepa Seetharaman and Paul Lienert; Editing by Jeffrey Benkoe)

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