Monthly Archives: November 2011

China cuts bank reserves in policy shift to lift economy

Written on November 30, 2011 by Editor - Top News Stories

By Zhou Xin and Kevin Yao BEIJING | Wed Nov 30, 2011 10:08am EST BEIJING (Reuters) – China’s central bank cut reserve requirements for commercial lenders on Wednesday for the first time in three years, a policy shift to ease … Continue reading →

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American Airlines seeks to shed planes, engines

Written on November 30, 2011 by Editor - Business News

Wed Nov 30, 2011 11:07am EST (Reuters) – American Airlines wants to shed unwanted leases for 24 aircraft and engines as the third-largest U.S. carrier begins cutting costs after filing for bankruptcy. AMR Corp, the parent company, said it has … Continue reading →

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Private sector jobs grow, lifts payrolls forecasts

Written on November 30, 2011 by Editor - Business News

By Leah Schnurr NEW YORK | Wed Nov 30, 2011 11:20am EST NEW YORK (Reuters) – Private sector job growth accelerated in November as employers created the most jobs in nearly a year, prompting some economists to raise their forecasts … Continue reading →

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Central banks act as euro zone crisis rages

Written on November 30, 2011 by Editor - Business News

By Robin Emmott and Kirsten Donovan BRUSSELS/LONDON | Wed Nov 30, 2011 11:09am EST BRUSSELS/LONDON (Reuters) – The world’s major central banks acted jointly on Wednesday to provide cheaper dollar liquidity to starved European banks facing a credit crunch as … Continue reading →

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Wall Street soars as central banks move to ease crunch

Written on November 30, 2011 by Editor - Business News

By Angela Moon NEW YORK | Wed Nov 30, 2011 10:53am EST NEW YORK (Reuters) – Stocks rose more than 3 percent on Wednesday as major central banks acted jointly to add liquidity to the global financial system, boosting appetite … Continue reading →

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Cyber Monday’s unintended consequences

Written on November 30, 2011 by Editor - Finance Top Stories

With Black Friday and Cyber Monday behind us, it’s time to move past the retail euphoria and look ahead to the sustainability of strong retail sales through the key holiday shopping season. The effects of this season’s earlier sales onset … Continue reading →

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November Jobs Report: Contrary Views

Written on November 30, 2011 by Editor - Finance Top Stories

The first Friday of every month brings the much-anticipated employment report, in which the Bureau of Labor Statistics tells us how many jobs were created (or lost) in the month, and calculates the unemployment rate. But in the week leading … Continue reading →

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When Will Housing Hit Bottom?

Written on November 30, 2011 by Editor - Finance Top Stories

Follow Yahoo!’s The Daily Ticker on Facebook here! Today’s pending home sales report provides a glimmer of hope for the beleaguered housing market. The National Association of Realtors said pending home sales in October rose 10.4%, handily beating estimates of … Continue reading →

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Stocks Leap on Central Banks’ Coordinated Action

Written on November 30, 2011 by Editor - Finance Top Stories

Central banks around the world took joint action Wednesday give banks easier access to dollars, jolting stock markets and easing fears of a global credit crisis. The Dow Jones industrial average soared more than 400 points. Markets in Europe also … Continue reading →

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TSX jumps 2 percent on Europe hopes, China data (Reuters)

Written on November 30, 2011 by Editor - Stock Markets News

TORONTO (Reuters) – Toronto’s main stock index was 2 percent higher shortly after the open on Wednesday as commodity-driven resource issues jumped on an agreement by leading global central banks to tackle the euro zone debt crisis and on strong … Continue reading →

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