Jun 01, 2009 12:26 PM ET
Stocks in Japan and in Asia closed higher after manufacturing index in China increased. The prospect of higher exports also lifted stocks of steelmakers, shippers and metal processing companies.
Jun 01, 2009 10:57 AM ET
GM files bankruptcy protection to emerge as a smaller and leaner automaker with domestic market focus. Most of its international divisions will be sold. The automaker will shut at least 14 plants, eliminate 21,000 jobs, shed $79 billion in debt and wipe out its current stock holders.
Jun 01, 2009 5:35 PM ET
Stronger than expected home sales and better than expected retail sales, lifted the Australian benchmark index. Stocks surged 2% and Aussie gained against the U.S. dollar. Crude oil, gold, copper and silver closed higher. The australian dollar closed up at 81.18 U.S. cents.