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Rubicon to sell four US properties
RUBICON America Trust said today that it has agreed to sell four US properties to Kaufman & Jacobs for $US175 million to pay debt.
The Australian

US Treasury finalizes 4-billion-dollar loan for GM (AFP)
The US Treasury said it had finalized a 4-billion-dollar emergency loan for troubled General Motors, the biggest US automaker.
yahoo.com

Banks may cut lending, deposit rates further after RBI steps
After a fresh dose of monetary measures, home, consumer and corporate loans are likely to soften further with a steep one per cent cuts in key short-term rates and injection of Rs 20k-crore liquidity into the system.
The Times Of India

Treasury bond funds proved the investment to beat in 2008
A scan of fourth-quarter and full-year results for bond mutual-funds offers few surprises: Lower-risk Treasury-backed debt whipped most fixed-income categories, while company-issued bonds and more daring overseas debt suffered a similarly grim fate as stocks.
MarketWatch.com

Pininfarina family to sell stake in car group
Italy's Pininfarina family is to sell its controlling stake in a leading car company as part of a debt restructuring deal
FT.com

The Debt Trap: Colleges Profit as Banks Market Credit Cards to Students
As concern about student debt rises, promotional relationships between schools and banks have sounded alarm bells.
The New York Times

Maruti: A-star foretells a better 2009-10 - Business Standard
On a lower base of around 7,40,000 vehicles though, 2009-10, might just be a better year. For one, interest rates on auto loans are expected to come down and by the second half of 2009, banks might be more willing to lend than they are right now ...
Feed Digest

Wells Fargo completes Wachovia purchase (Reuters)
Wells Fargo & Co said it has completed its roughly $12.7 billion purchase of Wachovia Corp, a big bet that it properly assessed the risks in Wachovia's huge book of mortgage and real estate loans.
yahoo.com

Russia cuts off gas supplies to Ukraine
Gazprom, Russia's state-controlled gas group, said it had cut off supplies of gas to Ukraine after no new supply contract was agreed at last ditch talks. Moscow said that Ukraine still had not fully paid an outstanding debt
FT.com

GM gets first of its bailout loan money
U.S. Treasury Department provides auto maker with $4-billion, start of low-cost lending program
The Globe and Mail

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