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21 November 2008

Market News

President-Elect Barack Obama is expected to announce his nomination of Hillary Clinton to the post of Secretary of State after Thanksgiving.

Citigroup denies rumors that it intends to breakup the company even as its value on the stock market drops below $20 billion increasing its credit risk.

GM is facing a cash squeeze and announces further production cuts.

President Bush signed into law an extension for the jobless benefits to unemployed workers.

GM is returning some of its leased jets, leaving just three in its fleet. It denies this action has anything to do with recent Congressional criticisms.

Speaker Pelosi rejects the notion of bankruptcy for the automakers.

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