Business wire, breaking news, events, stocks

Shares of Ford Motor Co. surged to a five-year high Wednesday after a ratings agency upgraded the automaker's debt and said Ford has the potential to improve its finances even further.

Nike says stronger sales helped more than double the athletic shoe and clothing company's third-quarter profit.

Kraft Foods says it will cut the salt in its products sold in North America by an average of 10 percent over the next two years as food makers try to appeal to health-conscious consumers.

Shares of Blockbuster are sinking by more than 30 percent after the video rental chain warned that it may have to file for Chapter 11 bankruptcy protection.

General Motors Co.'s new financial chief says the company has a reasonable chance of making a profit this year but it's still a work in progress.