Novemer 17, 2008 Stock News

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Novemer 17, 2008 Stock News

Stocks Stumble in Volatile Session
Traders weighed news of big layoffs at Citigroup and a reports that the New York Fed's manufacturing index hit a record low in November.

Big Three automakers running out of timeDetroit's Big Three automakers are running out of time in their quest to convince skeptical lawmakers that Congress should throw them a $25 billion lifeline.
Top executives with General Motors, Ford and Chrysler will return to Congress on Wednesday, appearing before a House committee to plead for a "bridge loan" to give them a massive infusion of cash to prevent millions of layoffs, stave off bankruptcy and stabilize their teetering companies.

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