Powerful GM

All of GM’s US brands ranked above average in J.D. Power & Associates’ Initial Quality Study, led by its GMC truck brand, which trailed only the Porsche sports-car line.

FedEx fall

FedEx’s fourth-quarter profit fell 45 percent as international customers traded down to less-expensive delivery options and it spent heavily on restructuring. The results beat Street expectations, but FedEx’s profit forecast for the next 12 months was less than predicted.

Merger effect

The proposed merger between US Airways and American Airlines would reduce competition on 11.9 percent of US air routes, a government review found.

Tesla recall

Electric car maker Tesla Motors will recall 1,228 of its 2013 Model S cars due to a defect in the mounting bracket of the rear seat.

Sony may sell

Sony Corp. CEO Kazuo Hirai said that the electronics firm’s board will consider hedge fund Third Point’s suggestion to spin off the electronics company’s profitable entertainment arm.