GM to Sell Opel to Magna; U.S. Foreclosures Improve in August; Bank of England Holds Rates Steady; Emerging Market Stocks at Expensive Levels; U.K. Housing Prices Rise 0.8% in August; Turkey GDP Down 7% in 2Q; Suntory in Talks to Buy Drinkmaker Orangina.

TARP May Cost Taxpayers $23.7 Trillion; Economists: Recession Not Over Yet; GM Gets 3 Bids for Opel; Defaults on Commercial Real Estate Hit 20-year High; Drug Company’s Stock Rises 276.81% After Successful Test; Porsche/Volkswagen Deal On Hold For Now; LEI Rises Again; AOL CEO to Revamp Advertising, Develop Community Sites…

The competition to buy General Motors Corp.’s (NYSE: GM) Opel and Vauxhall units heated up last Friday as the three primary suitors were reportedly joined by an unidentified Chinese automaker.

Crude Rises Above $62/Barrel; Opel Courtship Down to Three; Unibanco CEO: 4% Second-Half GDP for Brazil; Target and BJ’s Beat Expectations; Obama To Sign Credit Card “Bill of Rights”; California Could Go Broke After Voters Reject Plan; Wall Street Won’t Rehire Many Workers; Indiana Pension Funds File to Block Chrysler Bankruptcy Sale

The Big Three are up on Capitol Hill, making their case for a government bailout. Andrew Snyder says investors can position themselves to make a profit with auto-related stocks. He picks three companies on the auto supply chain that could get a boost if the government decides to “rescue” Detroit.

Buy/Sell/Hold ETF Zooms 42%; Magna Reports 3Q Loss, Slashes Dividend; U.S. Factory Orders Down 2.5%; Walgreen Same-store Sales Rise 2%, Yahoo Shares Upgraded; Oil Rises 12% on Production Cuts; Archer Daniels Midland Doubles Profit; UBS Turns Profit; Verizon Cleared to Take Over Alltel.