Financial markets rallied Friday as an increase in U.S. hiring suggested the world's largest economy is not heading for recession but recovering gradually.
Executives said Europe would be challenging, but they would not estimate when GM would return to making money in the region.
Shares of Tesla Motors Inc. rose Friday on investor optimism that the electric car company's supply problems are being resolved and the ramp up in production of its key new model is on schedule.
Eastman Kodak Co. said Friday its second-quarter loss widened as revenue fell while it reorganized under bankruptcy protection.
The majority of U.S. industrial manufacturers surveyed remain optimistic regarding prospects for the U.S. economy.
Prices for industrial metals have fallen after new reports showed sluggish manufacturing in the U.S. and China, adding to concerns about slowing growth in the world's two biggest economies.
Employers added 163,000 jobs in July after three months of sluggish hiring, a pleasant surprise that could signal the U.S. economy may be resilient enough to shake off a midyear slump.
Toyota raised its sales target for this year to a record 9.76 million vehicles and reported a strong recovery in quarterly profit Friday, underlining its bounce back from a disaster plagued 2011.
First Solar shares have been rising since late Wednesday when the company reported an 82-percent surge in second-quarter profits.
China Southern Airlines says a subsidiary is buying 40 Boeing 737s worth $3.4 billion as part of its strategy to expand international routes.
The company, which was spun off last year from Fiat's car business, said net profit was $270M, up from last year, with the sales of agriculture equipment offsetting weaker truck and powertrain results.
U.S. manufacturing shrank for the second straight month in July, further evidence of an economy growing at a sluggish pace.
General Motors and Ford lost ground to Japanese automakers last month as their rivals made a strong comeback from last year's earthquake.
A private survey shows U.S. businesses kept hiring at a modest pace in July, suggesting the job market could be improving after three sluggish months.
Harley-Davidson Inc. said Wednesday that its second-quarter net income jumped 30 percent, as demand for its motorcycles continued to grow both at home and abroad.
Italian carmaker Fiat reported Tuesday that second-quarter net income plummeted by 92 percent as a slump in European sales offset a profit at its U.S. carmaker Chrysler.
In June, consumers spent slightly more on services. But they cut back on autos and other long-lasting manufactured goods.
China's top leaders warned Tuesday that economic growth could slow further and called for more efforts to boost weak domestic demand.
United States Steel Corp. said Tuesday its second-quarter net income fell by more than half as slower global economic growth hurt demand in a number of its core markets.
Unlike other U.S.-based automakers, Chrysler is benefiting from its reliance on the United States car market.
Here's a small consolation: The Great Recession wasn't quite as horrendous as previously thought.
Reliance Steel & Aluminum Co. said its second-quarter profit rose 10 percent, but it cited the weak economy and difficulty in raising prices while giving a disappointing earnings forecast for the third quarter.
Precision Castparts reported a 19 percent increase in first-quarter net income but warned of "major headwinds" including an unplanned shutdown of its 29,000-ton forging press in Houston.
The number of Americans applying for unemployment benefits dropped by 35,000 last week, a figure that may have been distorted by seasonal factors.
Dow Chemical Co.'s second-quarter net income fell 34 percent as weaker demand led to lower prices. Softness in Europe and a stronger dollar also weighed on results. The biggest U.S. chemical maker expects to accelerate cost-cutting efforts.