AP - The Federal Reserve said Wednesday that a survey of its 12 banking districts found that they all reported solid growth at the start of the year.

Reuters - General Motors Co and PSA Peugeot Citroen will form a global alliance targeting a cut in annual costs of at least $2 billion without plant closings or job cuts in Europe.

AP - Costco Wholesale Corp. on Wednesday reported a fiscal second-quarter profit that topped Wall Street expectations as the company's low prices continued to attract customers and drive sales.

AP - Chairman Ben Bernanke told lawmakers Wednesday that the economy has performed better in recent months than the Federal Reserve had expected. If the trend continues, he said the Fed might have to reassess its outlook for a slow recovery.