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Premarket roundup: Autos, housing
By The Associated Press | 04 Dec 2008 | 10:12 AM ET
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Among the premarket stories for Thursday, Dec. 4, from AP Financial News:

NEW YORK (AP) — As executives for the U.S.-based automakers return to Capitol Hill Thursday it's uncertain if they'll get the full financial bailout that they've asked for, though an analyst thinks General Motors Corp. and Ford Motor Co. could be granted the funds and credit line they want.

NEW YORK (AP) — Financial industry lobbyists are pushing the Treasury Department to enact a plan that could help send mortgage interest rates to as low as 4.5 percent in an effort to shake up the moribund housing market.

NEW YORK (AP) — AbitibiBowater Inc., the world's largest newsprint maker, will announce several mill closings Thursday as the Canadian company struggles to survive amid failing newspapers and global recession.

NEW YORK (AP) — Shares of Alcoa Inc. fell in premarket trading Thursday after an analyst urged the largest U.S. aluminum producer to cut its $560 million annual dividend in the face of "a rapidly deteriorating aluminum price environment."

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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