Mitsubishi Motors and GM announce vehicle recalls
Reuters: Mitsubishi Motors Corp. is recalling about 920,000 vehicles globally for a glitch in the light switch that could prevent headlights and blinkers from working, the car maker said Thursday. No accidents or injuries have been reported as a result of the glitch, Mitsubishi said. Bloomberg reports that General Motors Co., which has already recalled almost 14 million vehicles in the U.S. this year, is recalling 511,528 current-generation Chevrolet Camaros in North America.
U.S. futures imply weak open, S&P on track for down week
Reuters: U.S. stock index futures pointed to a slightly lower open on Friday as some positive corporate news supported markets, although ongoing violence in Iraq gave investors pause. Both the Dow Jones industrial average and Standard & Poor's 500 hit record highs this week, but Wall Street has lately been pressured by concerns of slowing global growth and violence in Iraq, which has taken oil prices to their highest since September.
Intel raises outlook for year based on stronger PC demand
Reuters: Chip-maker Intel Corp. on Thursday raised its outlook for the second quarter and the full year, citing stronger-than-expected demand for personal computers used by businesses. Shares of Intel jumped more than 4 percent in extended trade as the chip-maker's improved forecast lifted hopes for a PC industry that been shrinking due to consumers' preferences for tablets and smartphones.