GENERAL MOTORS

The UK government may have made illegal promises to General Motors Co. (NYSE: GM) to shift production of the Astra compact car to its Opel/Astra plant in England from locations in Germany, reports said.

The General Motors Co. (NYSE: GM), the largest U.S. automaker, said Friday it will not advertise during the broadcast of the 2013 Super Bowl as it shifts its advertising strategy, according to the Wall Street Journal.

Facebook may only have itself to blame for why General Motors rained on its IPO parade this week.

Facebook (Nasdaq: FB), the No. 1 social network, raised $16 billion in its initial public offering, the biggest in Internet history, valuing its shares at $38.

General Motors Company (NYSE: GM) announced Thursday it will build its next generation Vauxhall/Open Astra cars at two factories in Ellesmere Port, UK and Gliwice, Poland, leaving the company's Bochum, Germany plant facing closure.

Warren Buffett's investing powerhouse, Berkshire Hathaway Inc. (NYSE: BRK.B) took a 10 million share stake in General Motors Company (NYSE: GM) during the first quarter, an investment it disclosed Wednesday, delivering a 2.29 percent bump to car company's shares and a welcome dose of investor confidence.

General Motors Company (NYSE: GM) rocked the automotive and advertising worlds with its announcement Tuesday that it will stop buying advertisements on Facebook Inc. (Nasdaq: FB), a value of roughly $10 million a year, on the eve of social networking site's monster IPO. The rest of the automotive industry's major players are not following suit, though, Ford Motor Company (NYSE: F), banking on the strength of the network effect, is actually upping its investment.

Stock index futures pointed to a lower opening on Wall Street on Wednesday, with futures for the S&P 500 and Dow Jones down around 0.1 percent, while the Nasdaq 100 fell 0.4 percent at 4:10 a.m. EDT.

Facebook Inc will increase the size of its initial public offering by 25 percent to raise about $15 billion, a source familiar with the matter said, as strong investor demand for a share of the No.1 social network trumped ongoing debate about the company's long-term potential to make money.

Facebook (Nasdaq: FB), the No. 1 social network, announced that it would increase the number of shares in its initial public offering, price them higher and value the company at as much as $104 billion.

U.S. stock index futures pointed to a higher open on Wall Street on Tuesday, with the futures for the S&P 500 and the Dow Jones up 0.6 percent and Nasdaq 100 futures up 0.8 percent at 0733 GMT.

Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender to shed its troubled mortgage business but also spur drawn-out legal fights.

Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender shed its troubled mortgage business but also spur drawn-out legal fights.

Rather than deal with business, directors of Yahoo (Nasdaq: YHOO), the No. 3 search engine, have been busy all week in the ?resume embellishment? scandal that forced one director to quit and put the CEO under a cloud.

A new documentary features embattled Wisconsin governor Scott Walker reassuring a wealthy donor that he would pursue a divide and conquer tactic to undercut public sector unions.

Every new 2013 Cadillac XTS will come with an Apple Incorporated (NASDAQ: AAPL) iPad with a suite of customer education apps pre-loaded to teach new owners about the car's Cadillac User Experience (CUE), General Motors Company (NYSE: GM) announced on Wednesday.

Ally Financial Inc., the auto lender majority-owned by U.S. taxpayers, has received conditional approval from the U.S. Treasury Department on plans to put its struggling mortgage servicing and lending unit into bankruptcy, Bloomberg reported, citing an anonymous Obama administration official.

General Motors Company (NYSE: GM), the world's largest auto company, reported profits down 69 percent for the first quarter, but the loss resulted from outsized, one-time profits the year before. Overall performance for the company was strong, with revenue driven 4.4 percent higher by strong U.S. sales and improved global margins.

General Motors reported a first-quarter profit that surpassed forecasts as it was able to boost vehicle prices, especially in North America, and cut losses in its troubled European operations.

Futures on major U.S. indices point to a higher opening on Thursday ahead of economic data including weekly jobless claims.

U.S. light vehicle sales increased 2 percent in April to 1.2 million cars on continued high demand for fuel-efficient cars, and sales are projected to continue at a strong clip, maintaining an annualized rate of 14.4 million.