Financial news on December 21, 2008

Business and Financial news
Canada Agrees to Its Own Auto Bailout

The governments of Canada and its Ontario province offered the industry 4 billion Canadian dollars in emergency loans. Read more..

By IAN AUSTEN - The New York Times

Howard Pack, 90, Magnate and Innovator in Shipping, Dies

Mr. Pack, who as president and later chairman of Seatrain Lines was a leader in the industry in changing the way ships carry goods from port to port. Read more..

By DENNIS HEVESI - The New York Times

White House Philosophy Stoked Mortgage Bonfire

President Bush, who vowed to spread the dream of homeownership, is leaving office amid a downturn rooted in the housing sector he so ardently championed. Read more..

By JO BECKER, SHERYL GAY STOLBERG and STEPHEN LABATON - The New York Times

See what else happened on December 21, 2008