Car industry lifeline boosts Wall Street

Wall Street staged a big advance in the penultimate session of 2008 today after Washington’s latest lifeline to the car industry bolstered hopes that the US government will do whatever is necessary to cut short the recession.

Car industry lifeline boosts Wall Street

Wall Street staged a big advance in the penultimate session of 2008 today after Washington’s latest lifeline to the car industry bolstered hopes that the US government will do whatever is necessary to cut short the recession.

Investors found solace in news that General Motors’ troubled financing arm received 5 billion of financing.

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