GM draws $2 bln in new aid, US works on Chrysler deal

By David Lawder and John Crawley WASHINGTON (Reuters) – General Motors Corp drew another $2 billion in government aid on Friday, but the Treasury Department has not extended any new money yet to Chrysler LLC, which could be pushed into bankruptcy next …

US Stocks Lower On Troublesome Economic Data

By Peter A. McKay US stocks swayed Thursday under the weight of troublesome readings of jobs, home sales, and corporate earnings, but Apple’s results were a bright spot. The Dow Jones Industrial Average opened a little higher but was down 16.73 points at 7869.84 in recent action. The Nasdaq …

US Existing Home Sales Dropped More Than Forecast

By Courtney Schlisserman April 23 (Bloomberg) — Sales of US previously owned homes fell in March after jumping a month earlier by the most in more than five years, indicating the market will remain depressed for much of the year.

US Stocks Advance as Apple, ebay Top Analyst Estimates

By Rita Nazareth April 23 (Bloomberg) — US stocks rose after Apple Inc. and ebay Inc. topped analysts’ sales and profit estimates last quarter, fueling expectations the slowdown in consumer spending may have eased.

US Stocks Edge Higher, Reversing Early Losses

By Peter A. McKay Stocks edged higher Wednesday, reversing early losses despite a fresh round of sour earnings reports from major firms, in an echo of the previous session’s moves. The Dow Jones Industrial Average opened 75 points lower but recovered to post a 51-point gain in recent action, up …

US ECON: FHFA Feb Home Price Index Rises 0.7%

Washington, April 22 – The Federal Housing Finance Agency’s home price index unexpectedly rose 0.7% in February, surprising many economists who expected a decline due to the ongoing US-wide housing correction.

US GOVTS: Treasury Says $134.6 Bln Remaining Under TARP

Washington, April 21 – The Treasury Department said today that it estimates there is $134.6 bln remaining under the Troubled Asset Relief Program.

US to give GM $5B, Chrysler $500M in new aid

The best of today’s automotive news, reviews and commentary — as well as the cool and weird — from Freep.com and other Web sites.

FOREX-Euro edges higher vs US dollar, yen on confidence data

By Vivianne Rodrigues NEW YORK, April 21 (Reuters) – The euro rose versus the yen and rebounded from one-month lows versus the US dollar on Tuesday as a report showed improvement in German investor confidence in April. Gains were limited though amid a …

US Stocks Lower Amid Earnings Concerns; DJIA Down 158 Points

By MarketWatch US stocks were under early pressure as investors worried that a fresh slate of corporate results this week could show continued pressure from the world-wide recession. The Dow Jones Industrial Average was down by about 158 points as most of its components declined. The S&P 500 …

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