DAI: Wall Street falls as debt woes plague

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Good evening Pan, TUE 30 Nov 2010    Wall Street falls as debt woes plague Consumer and manufacturing data show improvement Obama and Republicans agree to negotiate on taxes Bernanke says lowering joblessness very important Shoppers favored cash on Black Friday: survey Retail gasoline demand up 2.3 percent: Mastercard Restaurants eye holiday gains, wish Christmas was a weekday GM hiring to push electric effort beyond Volt Google nears deal to buy Groupon: reports Airbus ready to upgrade A320, may announce Wednesday Wall Street falls as debt woes plague November 30, 2010 04:32 PM ET NEW YORK (Reuters) - Stocks fell in a choppy session on Tuesday, but showed resilience in the face of Europe's debt crisis, recovering some of their losses on more encouraging signs from the U.S. economy. Full Article Consumer and manufacturing data show improvement November 30, 2010 01:25 PM ET NEW YORK (Reuters) - Consumer confidence rose in November to its highest in five months and Midwest business activity grew faster than expected, providing further evidence of economic recovery. Full Article Obama and Republicans agree to negotiate on taxes November 30, 2010 02:34 PM ET WASHINGTON (Reuters) - President Barack Obama said on Tuesday he still disagreed with Republicans on whether to extend Bush-era tax cuts for the wealthiest Americans, but the two sides agreed to negotiate a deal in the coming days. Full Article Bernanke says lowering joblessness very important November 30, 2010 04:17 PM ET COLUMBUS, Ohio (Reuters) - Federal Reserve Chairman Ben Bernanke, whose efforts to spur economic growth are under fire internationally and at home, on Tuesday said extended high unemployment could exact a high social cost. Full Article Shoppers favored cash on Black Friday: survey November 30, 2010 04:13 PM ET Black Friday shoppers shunned credit cards at the start of the holiday season this past weekend, according to a survey released on Tuesday, adding a cautionary note to expectations for U.S. retail sales over the next few weeks. Full Article Retail gasoline demand up 2.3 percent: Mastercard November 30, 2010 03:18 PM ET NEW YORK (Reuters) - Retail gasoline demand rose 2.3 percent last week from the week before but fell slightly year-on-year, tempered by winter weather and increased air travel for the Thanksgiving holiday, MasterCard Advisors' SpendingPulse report showed on Tuesday. Full Article Restaurants eye holiday gains, wish Christmas was a weekday November 30, 2010 03:13 PM ET BANGALORE (Reuters) - Recession-sapped diners will splash a little more cash eating out this holiday season, and restaurant chains will cash in by offering special festive flavors to keep consumers coming back for more. Full Article GM hiring to push electric effort beyond Volt November 30, 2010 02:49 PM ET DETROIT (Reuters) - General Motors Co said on Tuesday it would hire 1,000 engineers and researchers in Michigan over the next two years to develop more electric cars and hybrids as it launched its battery-powered Chevrolet Volt. Full Article Google nears deal to buy Groupon: reports November 30, 2010 01:10 PM ET SAN FRANCISCO (Reuters) - Google Inc is close to a deal to buy online coupon service Groupon Inc in what could be the Internet giant's biggest acquisition to date, two media reports said on Tuesday, citing unnamed sources. Full Article Airbus ready to upgrade A320, may announce Wednesday November 30, 2010 02:47 PM ET PARIS (Reuters) - Airbus has virtually finalized a decision to upgrade its best-selling A320 passenger jet with new engines and the $1-2 billion project could be announced as early as Wednesday, two sources familiar with the matter said. Full Article

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