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Ford says CEO will work for $1 to get loans- Ford Motor Co. will tell Congress that it plans to return to a pretax profit or break even in 2011 when the Detroit Three automakers' CEOs appear before lawmakers this week to request $25 billion in government loans.
- Wall Street rebounded Tuesday, regaining some of the ground lost in the previous session's huge drop, as the potential for a bailout of the beleaguered auto industry helped calm investors. The Dow Jones industrials rose nearly 225 points, regaining a third of Monday's nearly 680-point plunge.
- Ford says its November U.S. light vehicle sales tumbled 31 percent amid a continued slump in consumer spending and tight credit markets. Toyota's sales fell 34 percent despite its extension of zero-percent financing on a dozen vehicles.
Thai airports to reopen after government falls- Thailand's prime minister was ousted Tuesday after weeks of protests closed the capital's airports, stranding 300,000 travelers. Protesters promised to lift their siege, and international flights were expected to resume Friday.
'Chemical Ali' sentenced to death in Iraq- A special Iraqi court sentenced Saddam Hussein's notorious cousin, "Chemical Ali" Hassan al-Majid, to death Tuesday after convicting him of crimes against humanity for his part in crushing the 1991 Shiite uprising in southern Iraq.
US official: India knew of plot on Mumbai's coast- India received a warning from the United States before last week's attacks in Mumbai that militants were plotting a waterborne assault on the city, a senior U.S. official said Tuesday as domestic intelligence officials said they were aware of a Pakistan-based plot.
Body-swap illusion tricks mind in new study- Shaking hands with yourself is an amusing out-of-body experience. The illusion of having your stomach slashed with a kitchen knife, not so much.
Britney Spears to embark on `Circus' tour in March- Britney Spears is taking her "Circus" act on the road.
Burress arrives at Giants Stadium after shooting- Plaxico Burress arrived at Giants Stadium on Tuesday, one day after the star receiver was charged with illegal gun possession.
PA Governor Rendell Says Federal Assistance Approved for Conshohocken Fire Victims
HARRISBURG, Pa.
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Affected residents who were victims of the
"Our thanks to the U.S. Small Business Administration for acting quickly on my request to get Riverwalk residents the help they need to recover," said Governor Rendell. "The low-interest loans won't replace everything that was lost in the huge blaze, but it will help residents recover and focus on returning to a normal life."
Low-interest loans are now available to eligible renters, business owners and non-profit organizations whose property was damaged by the fire. SBA regulations permit loans up to
More information on disaster assistance in
The Rendell administration is committed to creating a first-rate public education system, protecting our most vulnerable citizens and continuing economic investment to support our communities and businesses. To find out more about Governor Rendell's initiatives and to sign up for his weekly newsletter, visit www.governor.state.pa.us.
CONTACT:
717-651-2009
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