Upswing

G.M. Posts $2B Profit

General Motors posted at $2 billion profit for their third quarter earnings Wednesday—a significant improvement for the auto company that dropped four of its eight domestic brands after losing $10.6 billion in 2005. It is the company’s biggest quarterly profit in 11 years and comes at a welcome time: The company’s public offering launches next week. Shares are expected to be priced from $26 to $29, after a three-for-one split.