North American

GE takes one-off hit of $6.2 bn linked to insurance activities

Paris - Muslimchronicle

General Electric said Tuesday it would book a one-off charge of $6.2 billion on its accounts for the fourth quarter of 2017, following a review of its insurance businesses. "GE announced today that the comprehensive review and reserve testing for GE Capital's run-off insurance portfolio, North American Life & Health (NALH), will result in an after-tax charge of $6.2 billionRead more

'Star Wars: The Last Jedi' second-highest opening ever in N. America

Star Wars - Muslimchronicle

The Last Jedi" soared to $220 million on its North American opening weekend, data released Sunday showed, backing up months of hype and earning critical praise even as early audiences didn't quite feel the Force. The latest instalment of the epic space opera was bettered only by 2015's "Star Wars: The Force Awakens," the first movie in the saga's sequelRead more

General Motors reports $3 bn loss in 3Q due to Opel sale charge

New York - Muslimchronicle

General Motors reported Tuesday lower North American operating profits, but gains in other regions as a $5.4 billion charge connected to the Opel/Vauxhall sale led to a large quarterly loss. The biggest US automaker reported a loss of $3 billion for the quarter ending September 30. GM in March announced the sale of its European division to PSA Groupe forRead more

General Motors reports $3 bn loss in 3Q due to Opel sale charge

New York - Muslimchronicle

N. American family kidnapped by Afghan Taliban freed

Rawalpindi - Muslimchronicle

A North American family that had been held hostage by the Afghan Taliban has been freed following an operation in Pakistan, the Pakistani military said Thursday. The hostages are “safe and sound and are being repatriated to the country of their origin,” the army said in a statement, after the rescue in Kurram district, part of the semi-autonomous tribal beltRead more

Ousted FIFA executive Warner rejoices in US World Cup flop

Washington - Muslimchronicle

Disgraced former FIFA vice president Jack Warner, the Trinidad businessman banned for life from football after charges in a US corruption investigation, was joyful at the Americans ouster from the 2018 World Cup. “I wanted to party,” Warner said in a Trinidad radio interview, according to a story on the Trinidad Express newspaper website. “I have not been in betterRead more

Summit Materials makes $3.8bn rival bid for Ash Grove Cement

Dublin - Muslimchronicle

Summit Materials, a US construction firm set up by former CRH executives, has made a rival offer for Ash Grove Cement, which CRH has agreed to pay $3.5 billion for, a source said. Ash Grove said on Friday it had received a bid valued at $3.7-$3.8 billion which it expects to result in a better offer to the deal struckRead more

Chris Brown restrained from model after abuse account

Los Angeles - AFP

Troubled singer Chris Brown has been ordered to stay away from an ex-girlfriend, model Karrueche Tran, after she said he punched her and threatened to kill her. In documents made public Tuesday, a Los Angeles court granted a restraining order requested by Tran, with Brown facing arrest if he comes near her. Tran, who has had an on-off relationship withRead more

'Star Wars' hits $2bn global sales mark

New York - AFP

"Star Wars: The Force Awakens" has soared to the $2 billion mark in global ticket sales, Disney announced Sunday, as the movie landed in fourth place at the North American box office, behind "Kung Fu Panda 3" in the top spot. The latest "Star Wars" franchise became only the third film ever to reach the $2 billion mark, and isRead more