This Week: Auto Bailout in Focus
Markets in Asia closed higher today on the expectation that Washington -- this time, the White House -- would help out the auto industry and keep General Motors in business into next year. It remains unclear how exactly the administration will fund the auto industry bailout, which was resoundingly rejected by the Senate last week. But there are several options available. Check back here for updates on the status of the negotiations.
Japan's Nikkei rose 5.2 percent today and Hong Kong's Hang Seng rose almost 2 percent. In Europe, stocks were flat so far in trading. Crude oil is up to $48 a barrel.
Posted by: bruerr | December 15, 2008 11:38 AM | Report abuse
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