General Motors offers free maintenance for new car buyers

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by Bloomberg Business Report

Bloomberg

Posted on June 7, 2013 at 8:04 AM

Updated Friday, Jun 7 at 10:25 AM

Friday is National Doughnut Day, originally established to honor women who served donuts to soldiers in World War I. Now, it's a big promotional event with Dunkin' Donuts, Krispy Kreme and Tim Hortons all offering freebies.

General Motors is offering free maintenance on most 2014 Chevy, Buick and GMC models for two years after purchase. GM is eyeing the hundred of millions of dollars it can make through customer retention.

JC Penney is offering giveaways with purchases at housewarming events Friday through Sunday, as the struggling retailer tries to focus attention on its new housewares section, featuring things like designer toasters and chairs.

Some Walmart workers are promising to protest Friday outside the company's annual shareholder meeting in Arkansas, as they push for higher wages and better benefits. A report by House Democrats says Walmart's "everyday low wages" hurt the economy, by forcing some workers onto public assistance. Walmart calls the report flawed and motivated by politics.

Investors are eyeing the big May Jobs Report from the Labor Department, and are trying to figure out how the numbers will impact the massive Federal Reserve stimulus that's been boosting the economy. Stocks closed higher Thursday as investors bet the party would continue.

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