Financial news on October 12, 2008

Business and Financial news
Across the Country, Fear About Savings, the Job Market and Retirement

As the market continued its steep slide, many Americans say they are sensing losses beyond the short-term hits to their portfolios. Read more..

By LAURA M. HOLSON - The New York Times

G.M. Said to Seek Merger With Ford Before Chrysler

G.M. executives are said to have approached Ford about a merger in July, but Ford rejected the idea. Read more..

By BILL VLASIC - The New York Times

Those With a Sense of History May Find It’s Time to Invest

Some investors say that the sell-off has gone too far and that stocks could stage a powerful rally. Read more..

By ALEX BERENSON - The New York Times

White House Overhauling Rescue Plan

A new plan to inject capital into banks raises questions about whether officials squandered time selling an earlier bailout approach. Read more..

By EDMUND L. ANDREWS and MARK LANDLER - The New York Times

See what else happened on October 12, 2008