Auto makers to get more than $17 billion in loans

Date: Fri, 19 Dec 2008 12:01:12 -050
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Auto makers to get more than $17 billion in loans

The White House announces plans to extend $13.4 billion in loans to
troubled Detroit auto makers GM and Chrysler, with another $4 billion
likely available. in February.

MOVERS & SHAKERS: BIGGEST GAINING AND LOSING STOCKS ON FRIDAY

Stocks expected to move significantly in Friday's trading include
Oracle Corp., Research in Motion Ltd. and Weyerhaeuser Co.

RETAILERS SLASH PRICES, AGAIN, IN LAST BID TO WIN HOLIDAY SALES

Retailers from AnnTaylor Stores Corp. to Gap Inc.'s
Banana Republic this week began marking down their holiday and winter
merchandise and added additional promotions to previously already
discounted products, with bargains to be had at up to more than 80%
off.

BOJ CUTS KEY RATE, PLANS TO BUY CORPORATE DEBT

The Bank of Japan cut its key interest rate to 0.1% from 0.3% Friday,
marking its second rate reduction this year in the wake of worsening
economic. indicators and increasing pressure from the government to do
more to help the economy.