Friday Papers: Dow jumps over 200 points on upbeat productivity -- other news

Fri Nov 6, 2009 6:53am GMT
 
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* Dow advances 203 points, or 2.08%, S&P 500 climbs 1.92% and Nasdaq jumps 2.42%

* US business productivity grew at the fastest pace in six years and applications for jobless insurance fell to a 10-month low

* US retail sales slightly ahead of estimates

* Britain remained in recession in the three months to October, according to National Institute of Economic and Social Research

* Bank of England to pump £25 billion more into UK economy

* European Central Bank steps closer to gentle exit from loan measures

* Cisco Systems' quarterly revenue rose more than expected and board authorises up to $10 billion in stock buybacks

* Sara Lee raises forecast

* Postal workers suspend strike action until new year

* 12 dead as officer Nidal Hassan goes on rampage at Ford Hood Texan base

* Gordon Brown seeks to shore up support for Afghanistan conflict as British death toll mounts

* Mahmoud Abbas not to seek re-election as president of the Palestinian Authority over lack of progress in the Middle East peace process

* Fujitsu UK staff to hold national three-day strike

* US charges 14 in Galleon case with more than $20 million insider trading

* UBS fined after bankers used client cash for speculative trades

* House price rebound expected to end next year, according to Savills

* Google acts on privacy fears by giving users access to own data

 

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