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  1. PNB cuts lending rate by 50 bps - Times of India
    timesofindia.indiatimes.com
    NEW DELHI: Even when the availability of fund in the banking system is scarce and the inter-bank overnight lending rate is at around 20%, Punjab National Bank (PNB) has cut its prime-lending rate (PLR) on Friday by half a percentage point to 13.5 ...
  2. Detroit wants $25 billion loan from Congress to help cover retiree health care obligations (Minneapolis-St. Paul Star Tribune)
    www.startribune.com
    WASHINGTON - The leaders of General Motors, Ford, Chrysler and the president of the United Auto Workers union came to Capitol Hill Thursday to discuss billions of dollars more in financial help for the companies, which have struggled under a weakened economy.


 
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