The UK pound climbs past the $2.10 level against the US dollar, the highest it has been in 26 years.
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After reporting a $39bn loss, due to huge accounting charges, GM says its performance was "inadequate".
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Trading on London markets is thrown into confusion after technical problems see misleading prices published.
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The average UK price of unleaded petrol passes £1 per litre for the first time, an industry research group says.
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Cisco Systems' quarterly profit jumps 37%, but its shares fall sharply amid fears about US firms cutting network spending.
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A close ally of Gordon Brown joins criticism of plans to reform capital gains tax unveiled by Alistair Darling.
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American Express will receive a payment of about $2.1bn from Visa after it sued the credit card giant.
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Investment bank Morgan Stanley says it has suffered a $3.7bn loss from its US sub-prime mortgage exposure.
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Pligg is a Web 2.0 open source content management system
