Detroit gets its wish -- $17 billion in U.S. loans

Date: Fri, 19 Dec 2008 17:01:36 -0500

Detroit gets its wish -- $17 billion in U.S. loans

Ending months of roller-coaster negotiations, President Bush moves to
extend up to $17.4 billion in loans to troubled U.S. auto makers.

MARKET SNAPSHOT: U.S. STOCKS POISED FOR MIXED WEEKLY RESULTS AFTER AUTO RESCUE

U.S. stocks moved higher on Friday after the White House says it would
loan the ailing auto industry $17.4 billion in loans to prevent their
"disorderly liquidation."

AS VALUES TANK, S&P REDEFINES LARGE-CAP

The price of entry into the large-cap universe is
today officially 25% cheaper than it was less than three months ago.
HERALD HEDGE FUNDS SUSPEND REDEMPTIONS ON MADOFF EXPOSURE

Bank Medici, an Austrian private bank part owned
by Italy's UniCredit Group, said Friday that hedge funds it runs had
almost all their money invested with Bernard Madoff, who's been
accused of what could be a $50 billion Ponzi scheme.

FRANKEN ASSUMES FIRST LEAD IN MINNESOTA SENATE RACE

Former comedian and political activist Al Franken
has opened his first lead in the hotly contested U.S. Senate race in
Minnesota over incumbent Norm Coleman, according to reports.