DAI: Stocks end up 2 percent on efforts to help EU

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Good evening Pan, WED 01 Dec 2010    Stocks end up 2 percent on efforts to help EU Deficit panel recalibrates, seeks more support U.S. economy stays on sluggish growth path: Fed Airbus to revamp aviation's A320 workhorse House approves short-term spending bill Consumer bankruptcies fall to 9-month low Euro zone crisis concern for U.S.: White House Starbucks ready for deals to boost grocery plan Private employers add jobs, manufacturing grows November auto sales rise, industry in gradual recovery Top thinkers: Daron Acremoglu - Pt 1 Top thinkers: Daron Acremoglu - Pt 2 Mobile black out across Israel Stocks end up 2 percent on efforts to help EU December 01, 2010 04:17 PM ET NEW YORK (Reuters) - Stocks rose sharply on Wednesday, giving the S&P 500 its best one-day percentage gain since Sept 1, as European officials' efforts to save the euro zone appeared to be near a critical point and data suggested the global economic recovery was steaming ahead. Full Article Deficit panel recalibrates, seeks more support December 01, 2010 04:28 PM ET WASHINGTON (Reuters) - A presidential commission trying to balance the budget on Wednesday softened a proposed tax overhaul to win broader support for its bold plan to slash the $1.3 trillion federal deficit. Full Article U.S. economy stays on sluggish growth path: Fed December 01, 2010 04:38 PM ET WASHINGTON (Reuters) - The economy continued its slow recovery in recent weeks, the Federal Reserve said on Wednesday, with pockets of strength in manufacturing offset by "depressed" housing markets and employers still reluctant to hire in significant numbers. Full Article Airbus to revamp aviation's A320 workhorse December 01, 2010 04:16 PM ET PARIS (Reuters) - Airbus turned up the heat on Boeing Co and emerging competitors for its most popular aircraft by pledging to upgrade its A320 jetliner with state-of-the-art engines offering 15 percent fuel savings. Full Article House approves short-term spending bill December 01, 2010 04:06 PM ET WASHINGTON (Reuters) - The House of Representatives on Wednesday voted to avert a federal government shutdown by extending temporary funding for another two weeks, giving Democrats time to craft a more lasting solution. Full Article Consumer bankruptcies fall to 9-month low December 01, 2010 03:39 PM ET NEW YORK (Reuters) - The number of consumers who filed for bankruptcy protection fell in November to a nine-month low, amid signs that consumers are taking on less debt and the economy may be stabilizing. Full Article Euro zone crisis concern for U.S.: White House December 01, 2010 03:27 PM ET WASHINGTON (Reuters) - President Barack Obama is being regularly updated about the crisis in the euro zone debt market, which could affect the recovery and wider global economy, the White House said on Wednesday. Full Article Starbucks ready for deals to boost grocery plan December 01, 2010 02:56 PM ET NEW YORK (Reuters) - Starbucks is prepared to make acquisitions to help accelerate sales of bagged coffee and other consumer products beyond its cafes, Chief Executive Howard Schultz told investors on Wednesday. Full Article Private employers add jobs, manufacturing grows December 01, 2010 02:48 PM ET NEW YORK (Reuters) - U.S. private sector payrolls rose by the biggest amount in three years in November, lifting optimism about the job market ahead of Friday's key employment report, while manufacturing data showed growth was intact. Full Article November auto sales rise, industry in gradual recovery December 01, 2010 02:22 PM ET DETROIT (Reuters) - Automakers posted better-than-expected U.S. auto industry sales for November on Wednesday and pointed to a slow but steady return in consumer demand from the depressed levels of a year ago. Full Article

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