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General Motors Co has secured a $5 billion credit facility, two people briefed on the bank deal said on Wednesday, marking the return of the top U.S. automaker to the capital markets a year after it emerged from a landmark bankruptcy.
Senh: The stock market went down, but I consider this good news. At least GM is getting back up, and that can only help our economy.
NYSE recommended that regulators seek out a broad-based stock index like the S&P 500 to underlie a new circuit breaker that would halt all U.S. stock trading if conditions become too volatile.
The economy won out over earnings season Wednesday, when a round of mostly better-than-expected reports couldn't stop a triple-digit slide in the Dow Jones industrial average.
U.S. markets experienced a steep selloff Friday as disappointing earnings reports from major corporate icons and depressing consumer sentiment report pushed the Dow down 250 points.