- Germany's industrial production was up 1.1% in April.
- Household spending in Japan was down 3% in April from a year ago.
- Crop outlook sours Australia is the world's second-largest exporter of wheat, but it has already been suggested that the country might have to import wheat from its international competitors to meet demand this year.
- Total air cargo shipments rose 0.3% in April compared with a year earlier, following a 3.1% year-over-year drop in March, the Air Transport Association reported.
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GM announced today that it's cutting 25,000 US jobs, 17% of the work force, and closing an unspecified number of plants over the next 3 1/2 years.
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