November 12, 2008

Stock futures flat as auto bailout hope offset by economy (Reuters)

 Stock futures flat as auto bailout hope offset by economy 
    (Reuters)Reuters - Stock index futures were little changed on Wednesday as investors bet that Washington would provide much needed aid for the beleaguered automakers, including to General Motors , offsetting worries about the deepening global economic slump.

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November 12, 2008

GM up as investors bet bailout is likely (Reuters)

 GM up as investors bet bailout is likely 
    (Reuters)Reuters - Shares of Dow component General Motors surged in premarket trade on Wednesday as investors bet that a government bailout was increasingly likely.

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November 12, 2008

Bank of England signals more rate cuts as economy shrinks (Reuters)

 Bank of England signals more rate cuts as economy shrinks 
    (Reuters)Reuters - The British economy will shrink sharply next year and inflation will tumble, the Bank of England predicted on Wednesday, suggesting that it will cut interest rates even below their current half-century low.

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November 12, 2008

Russia may have to tap reserves fund in crisis (AP)

AP - Russia may have to tap into rainy-day reserves of billions of dollars to help state finances through the economic crisis and declining oil profits, the country's finance minister said Wednesday.

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