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Australian Grand Prix (2014): RESULT

The 2014 Australian Grand Prix gets underway It’s all new cars for the first Grand Prix of the 2014 F1 season in Melbourne, but the expectation was that Mercedes would dominate, with Lewis Hamilton sitting on pole and Nico Rosberg sitting third, separated by Red Bull’s new boy, Daniel Ricciardo. In fact, because of engine problems, Hamilton was sidelined from the start and down to fourth by the first corner, with Rosberg making the most of his team mate’s woes and storming through to take the lead, a lead he kept until the end for a dominant win in Melbourne. Behind Hamilton, home boy Daniel Ricciardo in the Red Bull managed to make the 2014 Red Bull car look immensely promising to take second place, a welcome boost for the troubled Red Bull team, even if world champion Sebastian Vettel suffered the same fate as Hamilton, retiring with engine problems.

GM posts quarterly net income of $1.96 billion

General Motors Co., in its final financial snapshot before next week's initial public offering of stock, posted third quarter net income of $1.96 billion on revenues of $34.06 billion. The results, released Wednesday, were in line with a forecast issued last week. GM now has earned $4.16 billion on revenues of $98.71 billion through three straight profitable quarters this year--a dramatic swing after five consecutive annual losses.

Long-lost Cunningham Corvette race car displayed

Chevrolet Corvette enthusiasts on Thursday got an up-close look at a car that raced in the 24 Hours of Le Mans 52 years ago but hasn't been seen for more than 20 years. On the eve of the Corvettes at Carlisle show in Carlisle, Pa., event promoter Lance Miller opened one of his climate-controlled garages to reveal the 1960 Corvette that many are certain is the car that wore No. 1 and ran in the 1960 race at Le Mans.