Business Digest

NATION

GM in third-quarter: No profit, but improvement

DETROIT — General Motors Co. says it will release its preliminary third-quarter earnings on Monday morning.

The company is not expected to make a profit, but has hinted that its results for the quarter will show a big improvement over the same period last year.

GM says CEO Fritz Henderson and Chief Financial Officer Ray Young will answer questions at a news conference about an hour after the numbers are released at 7 a.m. The earnings release will be the first for GM since it emerged from bankruptcy protection in July.

Motorola sell-off

NEW YORK — Motorola Inc. is seeking to sell its largest division, which makes equipment for cable and wireless companies, according to a report.

The Schaumburg, Ill., company is exploring a sale worth about $4.5 billion, according to The Wall Street Journal’s Web site, which cited “people familiar with the matter” on Wednesday.

A Motorola spokeswoman said the company would not comment on “rumor or speculation.”

Associated Press