Art galleries and merchants stay open late to host changing art show. Wine, hors d’oeuvres, demonstrations, and entertainment. Sponsored by local galleries and merchants. 6:00 p.m. to 9:00 p.m. Historic Main Street, Placerville. Free to the public. www.placerville-downtown.org For more information contact: Placerville Downtown Association (530) 642-0177
TOKYO (Reuters) - The Treasury could pump $250 billion into U.S. banks in what Federal Reserve Chairman Ben Bernanke called on Tuesday a comprehensive attempt to end the credit crisis, restoring market confidence and sending Tokyo stocks up 14 percent.
WASHINGTON (Reuters) - U.S. automakers could turn to Congress after the November election to try to expedite $25 billion in government-backed loans, which Detroit manufacturers consider crucial to reversing their steep downward spiral.
SINGAPORE (Reuters) - Federal Reserve Chairman Ben Bernanke said a U.S. financial rescue plan to be fleshed out on Tuesday would restore normality to markets and lay the groundwork for economic recovery.
(Reuters) - Permal Investment Management, the hedge fund investment division of U.S. asset manager Legg Mason Inc , is aiming to raise up to $500 million to take advantage of a boom in distressed sales of hedge fund holdings, the Financial Times said.
TOKYO (Reuters) - The Nikkei average soared more than 14 percent on Tuesday, the biggest one-day gain in its 58-year history, after governments around the world pledged to support struggling banks and restore confidence in the financial system.
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