Stock futures signal rise on last day of 2009

The U.S. is injecting another $3.8 billion into GMAC Financial Services to help cover mortgage losses, in a bailout that makes the government the majority owner of the auto and home finance company.

American International Group Inc's Anastasia Kelly will get about $2.8 million as she leaves the insurer, according to a source familiar with the matter.

City National Corp said it repurchased $200 million of the preferred shares it sold to the U.S. Treasury under the Troubled Asset Relief program, joining a slew of lenders attempting to come out of restrictions.

Icahn Enterprises , a company controlled by financier Carl Icahn, said on Wednesday it was selling $2 billion in debt and was in talks to acquire a controlling stake in American Railcar Industries Inc held by another Icahn unit.

U.S. trucking giant YRC Worldwide again stretched the deadline on a crucial debt-for-equity swap offer as it and its union workers pushed banks and bondholders to help keep the company afloat, but its stock fell amid speculation about an impending bankruptcy.

Crane Co said on Wednesday it resolved claims with Boeing Co and General Electric Co's Aviation Systems unit, resulting in payments that would boost fourth-quarter results.

European shares were up 0.2 percent in morning trade, while volumes were very low as a number of markets were already closed for the New Year break, including Germany, Italy, Spain and Switzerland.

Oil rose toward $80 on Thursday, extending its rally to a seventh day and poised for the best annual gain in a decade, driven by a drop in U.S. crude and fuel stocks as icy weather stoked demand.

The U.S. dollar held near 16-week highs on a broadly soft Japanese yen on Thursday, but still looked to end a volatile year with a modest loss against a basket of major currencies.

U.S. stocks ended a smidgen higher in very light trading on Wednesday as a stronger-than-expected report on Midwest U.S. business activity was offset by investors taking profits in some of the year's better performers.

The Dow Jones industrial average <.DJI> rose 3.10 points, or 0.03 percent, to end at 10,548.51 on Wednesday. The Standard & Poor's 500 Index <.SPX> edged up just 0.22 of a point, or 0.02 percent, to finish at 1,126.42. The Nasdaq Composite Index <.IXIC> gained 2.88 points, or 0.13 percent, to close at 2,291.28.

The S&P 500 is on track to record a gain of 25 percent in 2009.

(Reporting by Blaise Robinson; Editing by Hans Peters)