WASHINGTON - GENERAL Motors, fresh from filing for bankruptcy protection, reached a deal to sell its Hummer brand to a Chinese industrial machinery firm, Sichuan Tengzhong, the companies announced Tuesday.
NEW YORK - WALL Street stocks maintained upward momentum on Tuesday a day after a sizzling rally as data showed pending home sales for April far better than expected.
NEW YORK - FINANCIAL stocks came under pressure on Tuesday as several big banks scrambled to raise capital to help repay government bailout funds. A negative outlook on the sector from Moody's also weighed on stocks.
DETROIT - A DAY after filing for bankruptcy protection, automaker General Motors says its US sales in May fell 30 per cent from a year ago but were 11 per cent better than in April.
