Stocks resume GDP-inspired rally to close solidly ahead

Date: Thu, 30 Oct 2008 17:01:55 -0400
Stocks resume GDP-inspired rally to close solidly ahead

U.S. stocks rally, pushing the Dow Jones Industrial Average back above
the 9,000 level, after the government says the economy shrank less
than forecast in the third quarter.

TREASURY MAY BORROW $1 TRILLION TO COVER BAILOUTS, DEALERS SAY

Major bond dealers say the United States may have to issue more than
$1 trillion in debt during its current fiscal year, by far the most
ever, to fund massive programs designed to bail out the banking
system.

DISMAL SALES RESULTS ON TAP AS GM/CHRYSLER DEAL LOOKS LIKELY

Automakers are expected to hand in yet another set of sickly U.S. car
sales numbers next week in what could mark the last time the industry
reports results before Detroit's Big Three becomes the Big Two.

AMERICAN EXPRESS TO CUT 10% OF WORK FORCE, OR 7,000 JOBS

Highlighting that even some of the most creditworthy and wealthiest
Americans are having trouble paying their bills, American Express says
it's cutting 10% of its staff, or about 7,000 people, in an effort to
save money.