On Thursday, Shares of General Motors Company (NYSE:GM), lost -1.31% to $34.70.
General Motors Company, said it anticipates to take a pretax charge of about $600 million this quarter because of the devaluation of Venezuela’s currency, according to Bloomberg.
Tom Timko, the Detroit-based automaker’s controller and chief accounting officer, gave the figure on a conference call Thursday.
Lower oil prices have hurt Venezuela’s economy, and currency controls have contributed a dollar drought in the South American nation. GM said in filings after reporting its first-quarter earnings that it’s using a different method to measure the value of its non-U.S. dollar assets and liabilities. The company didn’t say at the time what the effect on its financial results would be. Bloomberg Reports.
General Motors Company designs, builds, and sells cars, crossovers, trucks, and automobile parts worldwide. It operates through GM North America, GM Europe, GM International Operations, GM South America, and GM Financial segments.
Shares of Exelon Corporation (NYSE:EXC), declined -2.29% to $32.03, during its last trading session.
ComEd kicked off the first-of-its-kind Icebox Derby competition with 30 teen girls from across Chicagoland who will work in teams to transform recycled refrigerators into electric racecars. On August 15, the teams will put their cars to the test in a head-to-head race with their fellow Icebox Derby Racers to take home the STEM Cup, scholarship money and other prizes.
The Icebox Derby, a program launched by ComEd with participants offered by their community partners, Girls4Science, Girl Scouts of Greater Chicago and Northwest Indiana, the Chicago Urban League and Operation PUSH, is designed to educate and empower young women to explore opportunities in STEM (science, technology, engineering and math).
Commonwealth Edison Company (ComEd) is a unit of Chicago-based Exelon Corporation (EXC), the nation’s leading competitive energy provider, with about 6.6 million customers.
Exelon Corporation, a utility services holding company, engages in the energy generation and delivery businesses in the United States. It owns electric generating facilities, such as nuclear, fossil, and hydroelectric generation facilities, in addition to wind and solar photovoltaic facilities.
Finally, Union Pacific Corporation (NYSE:UNP), ended its last trade with -1.30% loss, and closed at $96.97.
Interested parties are invited to listen to Union Pacific Corporation’s second quarter 2015 earnings release presentation that will be broadcast live over the Internet and via teleconference on Thursday, July 23, 2015, at 8:45 a.m. Eastern Time.
Union Pacific Corporation, through its partner, Union Pacific Railroad Company, operates railroads in the United States. The company offers freight transportation services for agricultural products, counting grains, commodities produced from grains, and food and beverage products; automotive products, such as finished vehicles and automotive parts.
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