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Breaking News

Dow unofficially ends up 180.64 points or 2.15 percent; S&P up 2.62 percent; Nasdaq up 2.94 percent  4:03pm EST

Today on Reuters 

Large signs announce that the Tweeter Etc. store is closing during "Black Friday" shopping day in the Back Bay neighborhood of Boston, November 28, 2008.

Recession's toll 2:30pm ET

Private employers slashed 250,000 jobs in November, the most in seven years, and the service sector that powers most of the economy posted its worst slump on record.  Full Article | Full Coverage 

UAW to suspend jobs bank
LA foreclosures up again in November
Consumer bankruptcy filings jump
Blog: What do you think? When will the clouds over the economy lift?
Large signs announce that the Tweeter Etc. store is closing during "Black Friday" shopping day in the Back Bay neighborhood of Boston, November 28, 2008.

Recession's toll 2:30pm ET

Private employers slashed 250,000 jobs in November, the most in seven years, and the service sector that powers most of the economy posted its worst slump on record.  Full Article | Full Coverage 

UAW to suspend jobs bank
LA foreclosures up again in November
Consumer bankruptcy filings jump
Blog: What do you think? When will the clouds over the economy lift?
A Ford employee assembles a Ford Edge

All options on table 4:00pm ET

All options were on the table as the automakers' proposals and an urgent appeal for $34 billion in aid were scrutinized ahead of congressional hearings.  Full Article | Full Coverage 

UAW to suspend jobs bank
Obama says plan is "more serious"
Detroit CEOs take road less traveled
Factbox: Where Washington Stands
Global automakers eye long slump

after the bell

Trading specialists work on the floor of the New York Stock Exchange, December 3, 2008. REUTERS/Chip East
Positive moves

As stocks jump, investors are eagerly awaiting news on a $25 billion bailout for auto makers.  Full Article 

small business

The exterior of Pastoral Artisan Cheese Bread & Wine in Lakeview, Chicago. REUTERS/Handout
Numbers add up for small retailers
By Deborah Cohen

Local retailers are teaming up with fellow shops in an effort to keep customers - and their holiday dollars - on local turf.  Commentary 

James Saft
Credit cards unkindest cut
James Saft

Government intervention or not, banks will be cutting up America's credit cards at an unprecedented rate, with grave implications for the economy and company profits.  Commentary 

to

Commodities

Commodity Last Pct Chg Trade Date/Time
Oil 45.47 +0.07% 03 Dec 2008 15:59 EST
Gold 772.5 -1.15% 03 Dec 2008 15:57 EST
Photo
Crisis in Credit

Follow the financial crisis using our interactive video timeline. Track the global impact on our interactive map.  Full Coverage 

Photo
The drug war insanity

Albert Einstein defined insanity as doing the same thing repeatedly and expecting different results. It's a definition that fits the war on drugs, says columnist Bernd Debusmann.  Commentary 

Shoppers pass a window display at the high-end luxury goods maker Gucci along 5th Avenue in New York, November 19, 2008.
Holiday Shopping

Retailers and shoppers are adjusting to the impact of the financial crisis, especially during the busy holiday season. Take a closer look.  Full Coverage 

Pictures

View Slideshow 
View Slideshow View SlideshowSlideshow  
Tiny things
10:53am EST 
From miniature bonsais to ultra-micro books, a look at small things.
More Pictures...

Video

Play Video Play VideoVideo 
Obama taps Richardson for Commerce

Dec. 3 - President-elect Barack Obama has chosen New Mexico Governor Bill Richardson as his Secretary of Commerce.  Play Video

 
Zimbabwe's cholera outbreak spreads
Rice's plea after Mumbai attacks
More Video...

poll

A sales assistant displays an Apple iPhone 3G during its launch at a SingTel store in Singapore early August 22, 2008. REUTERS/Tim Chong
Which high-end smartphone are you most likely to buy this holiday season?
Apple iPhone
BlackBerry Storm
HTC G1
Other
I can't afford a smartphone
 Show Results

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