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GMAC gets Fed's OK to become bank holding company (Reuters) E-mail
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Thursday, 25 December 2008 19:26

A view of a five-bedroom and two-bath home with a GMAC real estate sign in Detroit, Michigan September 23, 2007. (Rebecca Cook/Reuters)Reuters - GMAC LLC won U.S. approval on Wednesday to become a bank holding company, giving it access to government lending programs and helping it stave off bankruptcy.


 
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Recession deepens, countries boost spending (Reuters) E-mail
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Thursday, 25 December 2008 19:26

Last minute holiday shoppers pass a sign at a retail store that reads 'Believe' in San Francisco, California December 24, 2008. (Robert Galbraith/Reuters)Reuters - The United States fell deeper into recession, data showed on Wednesday, as the number of people filing for jobless benefits hit a 26-year high last week and consumers cut spending for the fifth consecutive month.


 
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Olmert issues "last-minute" warning to Hamas (Reuters) E-mail
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Thursday, 25 December 2008 19:25

Israel's Prime Minister Ehud Olmert attends the weekly cabinet meeting in Jerusalem December 21, 2008. (Gali Tibbon/Pool/Reuters)Reuters - Israeli Prime Minister Ehud Olmert on Thursday issued a "last-minute" appeal to Palestinians in the Gaza Strip to reject their Hamas rulers and stop rocket fire at Israel, warning them he would not hesitate to use force.


 
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Guinea prime minister backs coup (Reuters) E-mail
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Thursday, 25 December 2008 19:25

Coup leader Moussa Dadis Camara waves to crowds as he is driven through the streets of Conakry in this December 24, 2008 picture. (Stringer/Reuters)Reuters - Guinea's new military rulers were endorsed by the deposed prime minister on Thursday, but condemned by the United States which demanded an immediate return to civilian rule.


 
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