The beleaguered state of today's auto manufacturers is in little doubt as talk of a potential bailout is being pushed by congressional Democrats and other concerned politicians. The display of support appears to have positively inspired investors.
After House speaker Nancy Pelosi presented the necessity of a federal loan to auto giant GM, its stock rose, Bloomberg reports.
President Bush has remained quiet on support for Detroit's bailout, but President-elect Barack Obama is currently supporting the stimulus package.
Automakers are also tapping outside governments for potential help, as Ford yesterday reportedly asked the German government for aid.
Also:
Red Lobster introduces wood-fire grilling, as a second step in brand's repositioning.
Starbucks' profits drop in Q4, but analysts dispute the brand's ability to weather the challenging economic climate.
Marketers are starting to become anxious about the cost of supporting Super Bowl ads.
