U.S. Treasury confirms $6 bln disbursed for GMAC

WASHINGTON, Dec 31 (Reuters) – The U.S. Treasury Department
confirmed on Wednesday that it disbursed $6 billion in funds to
support automotive finance company GMAC LLC.

More economic pain seen in 2009, but some hope too (Reuters)

A shopper stands near sale signs outside the Virgin Megastore in New York's Times Square, December 26, 2008. (Mike Segar/Reuters)Reuters – Many investors said good riddance on Wednesday to one of the worst years on record and prayed that government rescue plans will pull the global economy out of its fierce tailspin later in the new year.

More economic pain seen in 2009, but some hope too

SINGAPORE/NEW YORK (Reuters) – Many investors said good riddance on Wednesday to one of the worst years on record and prayed that government rescue plans will pull the global economy out of its fierce tailspin later in the new year.

UPDATE 3-GMAC eases debt burden with $21.2 billion swap

NEW YORK, Dec 31 (Reuters) – GMAC, the General Motors Corp
financing affiliate that received a $6 billion infusion
from the government, completed a multibillion dollar debt swap
on Wednesday designed to bolster its capital.

High drama in Illinois over Obama Senate seat

CHICAGO (Reuters) – Criticism rained down on embattled Illinois Gov. Rod Blagojevich on Wednesday for his defiance in appointing the state’s new U.S. Senator, but doubts persisted that anyone could block the move.

Madoff complying with assets disclosure deadline

NEW YORK (Reuters) – Accused swindler Bernard Madoff was complying with a court-ordered deadline to tell U.S. regulators how much money he has left, as lawmakers prepared to take their first close look at the alleged scheme that duped investors worldwide.

HudBay calls meeting to vote on board ouster

OTTAWA, Dec 31 (Reuters) – HudBay Minerals Inc
said on Wednesday it will hold a special meeting of
shareholders on March 31 to vote on a proposal to remove its
current board of directors and elect a new slate.