GM's Lending Arm Files Paperwork to Become a Bank (Washington Post) General Motor's financial arm, GMAC Financial Services, applied to become a bank holding company today, a move that could allow it to grab a piece of the Treasury Department's $700 billion rescue package and give it access to the Federal Reserve's discount window to receive emergency loans.

GMAC Files Application With Federal Reserve to Become Bank Holding Company (PR Newswire via Yahoo! Finance) GMAC Financial Services today announced that it has submitted an application to the U.S. Federal Reserve Board of Governors for approval to become a bank holding company under the Bank Holding Company Act of 1956, as amended .

Boise Inc. to cut 300 jobs at St. Helens paper mill (The Daily News) Boise Inc. announced Monday it will slash about 300 jobs by permanently halting pulp production and curtailing papermaking at its St. Helens, Ore., pulp and paper mill by February.

This week in business (The Salt Lake Tribune) CONVENTION CALENDAR Wednesday EMS Associates Salt Palace » Planned attendance: 1,500 » Runs through: Saturday

Mortgage rescue: Paulson says troubled assets will not be purchased (The Salt Lake Tribune) WASHINGTON - The government has abandoned the original centerpiece of its $700 billion rescue effort for the financial system and will not use the money to purchase troubled bank assets.

6th District candidates? plans differ in Stillwater forum; Bachmann blames economic crisis on Congress, over-regulation (Monticello Times) Thursday, Oct. 2 - Economic concerns dominated the discussion when 6th District Congressional candidates squared off in Stillwater Wednesday night, with Bob Anderson, Rep. Michele Bachmann and Elwyn Tinklenberg proposing widely differing solutions to the nation?s financial woes.

Wyoming among nation's lowest foreclosure rates (Casper Star-Tribune) CHEYENNE -- Wyoming had one of the nation's lowest home foreclosure rates for the third quarter of 2008, but the number of foreclosures increased from the same period last year and from earlier this year, according to a recent report.

The hottest new customer perks (MSN Money Canada) Forget frequent-flier miles. Companies today will try to make you feel special with benefits such as VIP restrooms and reserved parking -- if you know where to look.

1116 Money Saving Tips (Provo Daily Herald) 77The Daily Herald does not have $700 billion to bail you out -- although if we did have $700 billion, or even just $700 million, well, maybe we'd take you on a nice vacation. Or at least send you a postcard from Grand Cayman.

Utah foreclosures pile up (Provo Daily Herald) Foreclosure filings continued to pile up along the Wasatch Front in October, and this problem will likely get worse as the deepening economic crisis is fueling higher unemployment, which may translate to more foreclosures, according to some local analysts.