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Month: February 2022

Ford earnings hurt by chip shortage

by Chris Isidore, CNN Business Ford reported an unexpected drop in its fourth quarter earnings, rather than the improved results expected by Wall Street, but the company promised it sees a better 2022 ahead. The company reported income excluding special items of $1.1 billion, down from $1.4 billion on that same basis a year ago.

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MacKenzie Scott donates $133.5 million to educational nonprofit Communities in School

By Jennifer Korn MacKenzie Scott has donated $133.5 million to educational nonprofit Communities in School, an organization that helps students navigate issues inside and outside of the classroom. The billionaire philanthropist’s donation is the largest unsolicited gift in the program’s history. Communities in School works in 2,900 schools in America, supporting students at risk of

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