U.S. stocks extend prior session's rally, with investors cheered by
President-elect Barack Obama's pledge of massive infrastructure
investment and reports a deal is in the works to help the failing auto
industry.
WHITE HOUSE, LAWMAKERS NEAR AUTO BAILOUT DEAL
The broad outlines of a deal to bail out the failing U.S. auto
industry have been agreed on between congressional Democrats and the
White House, though a leading Republican senator is threatening a
filibuster.
3M LOWERS FULL-YEAR OUTLOOK, CUTS 1,800 JOBS
3M slashes its full-year forecast following a sharp sales decline, and
says it reduced its workforce by nearly 2%.
DOW CHEMICAL CUTS 11% OF WORKFORCE; CLOSES PLANTS
Dow Chemical Co. says it will slash about 5,000 full-time jobs, or
about 11% ofits global staff, and eliminate an additional 6,000
positions in its contractor workforce as it moves to address "current
economic realities."
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