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DETROIT - General Motors Corp’s November United States sales, on average, are on track to meet its expectations, a top GM executive told Reuters on Tuesday.

NEW YORK - Countrywide Financial Corp shares plummeted as much as 22 percent on Tuesday on speculation the largegest United States mortgage lender might run short of cash, but recovered most of that loss after the company has said it has ample liquidity and will not go bankrupt.

NEW YORK - H&R Block Inc replaced Chairman and Chief Executive Mark Ernst on Tuesday following mounting subprime mortgage losses and criticism that the largegest United States tax preparer had strayed far beyond its roots.

NEW YORK - United States stocks clawed back from three-month lows on Tuesday as surging oil prices lifted Exxon Mobil Corp and offset falls in financial shares on new concerns about the housing market.

NEW YORK - Countrywide Financial Corp shares plummeted as much as 22 percent on Tuesday to their lowest level in more than seven years on speculation that the largegest United States mortgage lender was running short of cash.

WASHINGTON - Freddie Mac , the No. 2 United States mortgage finance company, on Tuesday stunned Wall Street with a unexpectedly wide loss and plans to slash its dividend or use other means to lift capital to withstand a continuing downturn in the housing market.

NEW YORK - Target Corp posted a surprise drop in quarterly earnings on Tuesday, hurt by weak sales of higher-profit items like clothes and home goods, and has said it expects “quite modest” earnings growth for the crucial holiday fourth quarter.

WASHINGTON - The Federal Reserve was unsure last month whether lower borrowing costs were needed to cushion the United States economy from a housing slump and credit market woes but, in a “close call,” decided to cut interest rates as an insurance policy, minutes of the meeting released on Tuesday show.