GM's European unit will reportedly cut more than 8,000 jobs and invest $15 billion through 2014.
The Japanese automaker is recalling more than 400,000 2010 hybrid vehicles.
European finance ministers strive to calm investor nerves regarding the global recovery.
Worries about European debt and U.S. unemployment push markets lower.
Bank of England votes against adding to asset-buying program, holds key rate at 0.5%.
Automaker earns $1.7 billion in fiscal third quarter despite $2 billion in recall costs.
Greece says it will cut its budget deficit to less than 3% of its GDP.
Honda posted its biggest profit in six quarters during the last three months of 2009.
Shares of British oil giant BP fell 4% after the company?s fourth quarter profit missed forecasts.
The Australian central bank surprised analysts by leaving interest rates unchanged at 3.75%.