The U.S. Federal Reserve unveiled an $800 billion bailout plan on Tuesday to buy mortgage-related debt and back consumer loans as it tries to revive the U.S. lending market and steer the global economy away from a deep recession.
US stocks closed mixed as a new initiative by the Federal Reserve to reopen credit markets and lower borrowing costs helped offset more glum economic news. N.Sukumar Research Analyst www.kences1.blogspot.com --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
