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American Picked

Toney Thomas knows his junk. Ask him about any of the thousands of items--from antique BB guns to ancient boat motors, from old service-station signage to historic military gear--in his 30-foot-by-60-foot storage barn in rural Michigan, and he'll most likely have a story to tell. Thomas's penchant for collecting led to his appearance on a fall episode of the History Channel's American Pickers with celebrity junk hunters Mike Wolfe and Frank Fritz.

General Motors CEO Rick Wagoner to quit, reports say

General Motors CEO Rick Wagoner is about to resign after eight years as the Obama administration prepares to decide on the automaker's request for additional government rescue loans, two people familiar with the matter said. A senior Obama administration official told NBC's John Yang that Wagoner, 56, was asked to step down by the White House. The automaker, which has lost about $82 billion since 2004, awaits word Monday from President Obama on a request for as much as $16.6 billion in additional U.S.

GM prepares to announce Pontiac closure next week

General Motors is preparing to announce early next week that the Pontiac brand will be eliminated, said a source familiar with the company's plans. The announcement will be made as part of an updated viability report to the U.S. auto task force, the source said.