Earnings roundup: General Motors, Procter & Gamble

Among the earnings stories for Wednesday, April 30, from AP Financial News:

Top stories:

DETROIT (AP) _ General Motors Corp. struggled to a $3.3 billion first-quarter loss, due in part to a weak U.S. market, a strike at a major parts supplier and plummeting sales of sport utility vehicles and pickups.

CINCINNATI (AP) _ Consumer products maker Procter & Gamble Co. said Wednesday price increases and cost controls helped offset higher commodity costs as its third quarter profit rose 8 percent.

Other stories:

NEW YORK (AP) _ M/I Homes Inc. lost money in the first quarter as the struggling housing market dragged down sales, the homebuilder said Wednesday.

SEOUL, South Korea (AP) _ Korean Air Lines Co. said Wednesday it recorded a first-quarter net loss on sharply higher fuel costs and from the impact of a weaker local currency on its U.S. dollar-denominated debt.

PHILADELPHIA (AP) _ Engineering and information technology outsourcing company CDI Corp. said Wednesday its first-quarter net income fell 6 percent as demand for IT services slipped and expenses rose.

CHARLOTTE, N.C. (AP) _ SPX Corp. said Wednesday its first-quarter profit more than doubled, helped by a lower-than-expected tax rate.