I haven’t taken time to look at the specifics here, but it seems like Fox News and CNN are reading completely different reports from GM. The Fox News link is GM Posts Largest-Ever $38.7B Annual Loss, Offers Buyouts to 74,000 Workers. The title basically says it all. Yet, the CNN link is titled GM offers buyouts to all U.S. hourly workers. It goes on to say that GM posted better than expected profits of $46 million.
Perhaps one of them is using new math. When I was in school there was a big difference between a 38.7 billion loss and 46 million profit. Or it could be that I don’t understand business at all.