General Motors (GM.N) on Thursday will announce a multibillion-dollar, multiyear investment in several U.S. manufacturing plants in a move to boost production and vehicle quality, a person familiar with the matter said.
Sectors
Ratings agencies say no default if Greece misses ECB, IMF payments
Most top credit rating agencies say they would not cut Greece's rating to default if it misses a payment to the International Monetary Fund or European Central Bank, a stance that could keep vital ECB funding flowing into the financial system.
Push to axe U.S. crude export ban strengthens in House: lawmakers
Lawmakers in the House of Representatives who are trying to end the decades-old ban on U.S. crude oil exports said on Thursday they were gaining support after a Democrat joined the Republican-led effort. Representative Henry Cuellar became the first Democrat to sign on to a bill launched in February by Representative Joe Barton, a Republican and fellow Texan.
Oil has best monthly gain in six years but rally may hit 'speed bumps'
Oil rounded out its best monthly gain in six years on Thursday, with the two global benchmarks for crude rising between 20 and 25 percent in April, helped by a weaker dollar and bets that a supply glut would ease.
Euro zone exits deflation - just
The euro zone ended four months of deflation in April with consumer prices unchanged from year-ago levels, removing the threat of persistent price declines as energy costs pushed up in the month.
Latest News
Early adopters of the Apple Watch, Apple Inc's (AAPL.O) first new product in five years, are complaining that a number of its key functions are disrupted by their tattoos.
Ford Motor Co (F.N) said on Wednesday it is recalling more than 591,000 vehicles in North America for four separate problems, including possible broken bolts that could make steering more difficult.
Boeing (BA.N) plans to use newer and more standardised manufacturing techniques for its new 777X jetliner, paving the way for "significant" savings as it gradually feeds the changes back into existing assembly lines, a senior executive said.
China's top two trainmakers have been in discussions with Bombardier Inc (BBDb.TO) about possibly buying a controlling stake in the Canadian company's railway unit, two sources with direct knowledge of the matter said.
Euro zone officials sought to wring policy concessions from Greece on Wednesday to unlock urgently needed aid after Athens said it would present a list of reforms for legislation to show it is serious about implementing its promises.
Microsoft Corp (MSFT.O) is making it easier for apps written for rival Google Inc's (GOOGL.O) Android and Apple Inc's (AAPL.O) iOS systems to work on Windows phones, in a bid to attract users to its unpopular mobile devices, the company's operating systems chief said on Wednesday.
China's biggest lender by assets, Industrial and Commercial Bank of China, said on Wednesday it had signed an infrastructure pact worth $2 billion with the oil-rich west African nation of Equatorial Guinea.
The World Bank is seeking to finance development projects in areas in Iraq that the government has recaptured from Islamic State militants, its regional vice president said.
If fear of Europe-wide financial wildfire was Athens' trump card in its standoff with euro zone creditors - then the card has now turned up a dud.
