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October 24, 2008 · 6:04AM

GE To Tap Fed’s Commercial Paper Facility Next Week

General Electric, the biggest U.S. issuer of commercial paper, confirmed it will tap the Federal Reserve’s new short-term funding facility next week to demonstrate “support” for the central bank’s recent liquidity measures.  The company did not confirm the amount it plans to borrow. (Bloomberg)

Categories: Business & Finance Today · Construction, Manufacturing · Financial Services · Markets, Economic News

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