In business news, the Treasury Department has announced a third bailout for GMAC, the financing arm of General Motors. The Treasury will inject $3.8 billion into the company, and the US government will boost its stake in the firm to 56 percent. The money comes on top of $12.5 billion that the US Treasury had previously invested in GMAC to keep it afloat as the lender of choice for car buyers and dealers at GM and Chrysler.