6:08pm: Measure to block release of second half of bailout fails in Senate, giving Treasury and Obama the final $350 billion of TARP funds. more | 8:35pm: Government may also shield bank from losses from Merrill Lynch merger by backstopping up to $120 billion in assets, according to a report in the Wall Street Journal. more 9:59pm: A number of the banks' employees were on a U.S. Airways plane that crashed into New York City's icy Hudson River. All passengers are believed to be safe. more 9:46pm: The chipmaker says weak demand and inventory contraction hurt fourth-quarter earnings results. more 4:36pm: Package includes $550 billion in spending and state aid plus $275 billion in tax cuts. Pelosi: 'We wanted to get the biggest bang for the buck.' more |
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