MILFORD, Mich. - General Motors pledged on Wednesday to increase its profit margins, cut costs and expand operations in China as part of a broader strategy that emphasizes growth and better financial results.
The head of Argentina's central bank, Juan Carlos Fabrega, resigned Wednesday after less than a year in office, according to the president's press secretary.
Investors pulled another $23.5 billion out of the Pimco Total Return Fund last month as "bond king" Bill Gross stepped down, Pacific Investment Management Co.
The U.S. ISM Manufacturing Index dropped to 56.6% in September from a very strong 59.0% in August, which was the index's best reading since March 2011.
(Reuters) - Shares of government-controlled Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) plummeted on Wednesday, the day after a judge upheld the U.S.