Posted: 4:48 PM If the deal is successful, GM says it expects it to save about 3,000 jobs.

Posted: 4:45 PM The stock market gingerly extended its gains to a fourth day with little of the fanfare seen over the past week.

Posted: 3:48 PM Chrysler LLC says its U.S. sales fell 47% in May, but the company says being under bankruptcy protection did little to deter customers from purchasing its vehicles.

Posted: 11:51 AM Ford Motor Co. says its sales fell 24% in May from a year ago, but sales rose 20% from April as the automaker continues to gain market share from its U.S. competitors now under bankruptcy protection.

Posted: 11:49 AM General Motors is working to sell off brands after wrapping itself in bankruptcy protection.

Posted: 10:53 AM General Motors Corp. says it has 16 buyers interested in purchasing its Saturn brand.

Posted: 10:48 AM Pending U.S. home sales in April posted the biggest monthly jump in nearly eight years, a sign that home sales are finally coming to life after a long and painful slump.

Updated: 11:24 AM Investors are holding onto their gains a day after rushing into the stock market.

Updated: 4:43 PM General Motors says it has tentatively agreed to sell its Hummer brand.

Posted: 9:29 AM The government ownership of a majority of General Motors raises new questions about capitalism, politics and the economy.

Posted: 9:09 AM U.S. stocks are moderately lower in early trading as markets around the world take a breather from the massive gains logged a day earlier.

Posted: 8:38 PM The judge overseeing the bankruptcy filing by General Motors is speeding the process along.

Updated: 8:12 AM If you're in the market for a new car, would you consider buying GM?

Posted: 4:02 PM JPMorgan Chase & Co. plans to raise $5 billion through a common stock offering as it seeks to repay the $25 billion that the bank was awarded in the government's troubled asset relief program.

Updated: 8:59 AM The stock market started June with a rally thanks to more benign economic data. Monday brought better-than-expected readings on manufacturing, consumer spending and construction spending.

Posted: 1:45 PM The Dow Jones industrial average is adding Travelers Cos. and Cisco Systems, dropping Citigroup and General Motors.

Posted: 1:43 PM Consumers trimmed their spending in April — although not as much as expected.

Posted: 12:06 PM General Motors CEO Fritz Henderson says the new GM will be a leaner and quicker company that's more focused on its customers and its products.

Posted: 11:46 AM President Barack Obama is defending the government's intervention in the auto industry, saying the collapse of GM and Chrysler would have been devastating for the economy and American workers.

Posted: 11:08 AM General Motors Corp. says it will permanently close nine more plants and idle three others to trim production and labor costs under bankruptcy protection.

Posted: 10:39 AM Stocks are extending their gains on news that construction spending and manufacturing activity are improving.

Posted: 10:10 AM A General Motors dealership in New York has filed for bankruptcy protection, beginning the wave of court filings expected Monday as the automaker files for legal protection to complete its reorganization.

Posted: 10:06 AM A federal bankruptcy judge has approved the sale of most of Chrysler's assets to Fiat, clearing the way for the American automaker to exit court protection shortly.

Posted: 2:25 PM Oil and gasoline prices continue their upward climb.

Updated: 2:57 PM GM is thanking its employees after the United Auto Workers union ratified a package of concessions it says will save the automaker more than $1 billion a year.