General Motors Corp and the United Auto Workers have reached an agreement on contract changes and restructuring.
Data on Thursday underscored that economic recovery in the United States could be a long, slow slog.
GM's bankruptcy plan involves a quick sale of the company's assets to a new company initially owned by the U.S. government.
Better-than-expected earnings from Lowe's helped spur hope that global economic recovery may be on the way.
The UAW union expects a crucial round of restructuring talks with General Motors "to intensify this coming week."
Despite signs the worst global recession in six decades might be easing, recovery remained elusive.
Auto dealers lobbied Congress to slow plans by General Motors Corp and Chrysler LLC to cut their ranks.
GMAC may provide financing to Chrysler dealers and customers, Chrysler's bankruptcy judge said on Tuesday.
Even the “Oracle of Omaha” couldn’t escape the financial maelstrom of 2008.
The global economy is improving, central bankers said, backed by growing signs the financial crisis is abating.