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Feeds for Yahoo! News [Business ]

1. Shares rebound with confidence boost from GE (Reuters)

Traders work on the floor of the New York Stock Exchange, December 2, 2008. (Brendan McDermid/Reuters)Reuters - Stocks snapped back on Tuesday after a pledge by General Electric , a global bellwether, to leave its dividend intact in a fragile economy sparked optimism.




2. GM asks for $18 billion in government aid to survive (Reuters)

The Chevy symbol adorns the front of a General Motors SUV on the assembly line at the GM assembly plant in Arlington, Texas, November 18, 2008. (Jessica Rinaldi/Reuters)Reuters - General Motors Corp on Tuesday asked the U.S. government to save it from failure by extending $12 billion in loans and another $6 billion in credit as part of an unprecedented federal intervention into the struggling auto industry.




3. Chrysler seeks $7 billion in aid this month (Reuters)

The Chrysler Warren Truck Assembly plant is seen in Warren, Michigan in this October 14, 2008 file photo. (Rebecca Cook/Reuters)Reuters - Chrysler LLC on Tuesday asked the U.S. government for an emergency $7-billion bridge loan by the end of the year, saying it needs the funds to survive a brutal downturn in sales that has depleted its cash reserves.




4. Detroit bailout plans make their way to Congress (Reuters)

New trucks are displayed for sale at a Ford dealership in Encinitas, California in this November 11, 2008 file photo. (Mike Blake/Reuters)Reuters - Distressed U.S. automakers began submitting plans to Congress on Tuesday as they tried to show that they have a viable future and deserve federal aid, while new reports showed that vehicle sales continued their freefall in November.




5. Auto sales plunge, slowdown spreads (Reuters)

A General Motors employee inspects an SUV on the assembly line at the GM assembly plant in Arlington, Texas, November 18, 2008. (Jessica Rinaldi/Reuters)Reuters - The auto industry was hammered again on Tuesday as U.S. monthly sales plunged nearly 37 percent to the lowest level since 1982 and the slump spread to Europe and Asia, forcing automakers to slash production.




6. Oil retreats below $49 as brief rally fades (Reuters)

David Roseboro fills up his pickup truck at a gas station in Charlotte, North Carolina September 29, 2008. (Chris Keane/Reuters)Reuters - Oil fell below $49 a barrel on Tuesday, after reversing early losses in response to a rally in U.S. and European shares.




7. Mortgage fraud incidents up 45 pct in 2Q (AP)
AP - Reported incidents of mortgage fraud grew by 45 percent in the second quarter compared to the year-ago period, as borrowers misstated their financial information to maneuver around tighter lending standards, industry data released Tuesday showed.

8. TransUnion: 3Q mortgage delinquencies shoot higher (AP)
AP - The percentage of people who are two months behind on their mortgages shot up in the third quarter from the same period last year, according to credit reporting agency TransUnion LLC.

9. November sales may fall despite Friday's buying (AP)

In this Nov. 28, 2008 file photo, early bird 'Black Friday' shoppers cram the aisles at the Target store in Aurora, Ohio. People's shopping binges on the day after Thanksgiving were not enough to save the month for retailers, which are expected to say on Thursday that sales dropped in November. (AP Photo/Amy Sancetta, file)AP - Shopping binges on the day after Thanksgiving were likely not enough to save a dismal November for retailers, leaving them with what's expected to be a second straight monthly sales drop and fueling concerns about how much consumer spending can fall.



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