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Dec 2, 2011

NYT Global Update: Signs of Hope in Jobs Report; Unemployment Drops to 8.6%

Global Update


TOP NEWS

Signs of Hope in Jobs Report; Unemployment Drops to 8.6%

By CATHERINE RAMPELL
The Labor Department said payrolls grew by 120,000 in November, a new indicator of economic resilience, but the work force contracted.

Warning Euro Fix Could Take Years, Merkel Urges Action

By NICHOLAS KULISH and ALAN COWELL
Chancellor Angela Merkel of Germany on Friday ruled out a rapid solution to the debt crisis as she sought stronger fiscal cooperation across the euro zone.

German Bank Chief Sticks to Hard Line on Euro Support

By JACK EWING
The Bundesbank president, Jens Weidmann, potentially undercut expectations that the European Central Bank was preparing to intervene more forcefully in financial markets.
Multimedia

Video: TimesCast

The Republican race for president focuses on Mitt Romney and Newt Gingrich; the jobless rate drops while the work force contracts; and wildlife conservation in Afghanistan.
Opinion

Op-Ed Contributor

Russia, 20 Years Along

By ARIEL COHEN
Two decades since the fall of the Soviet Union, the "bright future" has not come.
WORLD

Syrians Say They Are Feeling the Grip of Economic Sanctions

By NEIL MacFARQUHAR
The measures are unraveling the most significant change of President Bashar al-Assad's tenure: linking Syria to the global economy.

U.N. Says Action Needed to Prevent Civil War in Syria

By NADA BAKRI
A United Nations commission warned that the Syrian government's crackdown on civilians could drive the country into a full-fledged civil war.

Biden Confers With Turkish Leaders About Syria and Iran

By MARK LANDLER
Vice President Biden's comments seemed calculated to reassure allies like Turkey in a region that is worried about a new wave of instability.
BUSINESS

BlackBerry Maker Cuts Estimates Again

By IAN AUSTEN
Costs related to a worldwide shutdown of BlackBerry service during October and sluggish sales of phones led Research in Motion to warn that its third-quarter revenue would be lower than forecast.

Two Research in Motion Employees Fined for Disruption on Plane

By IAN AUSTEN and SUSANNE CRAIG
George Campbell and Paul A. Wilson pleaded guilty to a criminal count of mischief and were suspended from their positions pending an investigation.

E.U. Proposal for Fishing Industry Support Raises Eyebrows

By DAVID JOLLY
The European Commission's funding policy would maintain subsidies despite the commission's own finding that subsidies were leading to destructive overfishing.
TECHNOLOGY

A New Google Venture, and Another Web Boundary Line Is Nudged

By CLAIRE CAIN MILLER and NICK BILTON
Google's new plan to partner with retailers and start a delivery service is an example of how big tech companies are branching out and blurring the lines between their businesses.
DealBook

Zynga Aims to Raise $1 Billion

By EVELYN M. RUSLI
Zynga, the online gaming company, has set the price range for its initial public offering at $8.50 to $10 a share, according to a filing submitted early Friday.
SPORTS

Gaining Respect for the Powers of Rock

By TOM SIMS
Asia wants to be known as a place for climbing, so a rookie heads out to check the terrain.

No Retreat From Expectations for Chelsea

By ROB HUGHES
Chelsea faces a high-octane Newcastle club on Saturday, with the focus squarely on the under-pressure Chelsea coach.

For Federer, No Fading Away

By CHRISTOPHER CLAREY
Roger Federer is now on a beach vacation after a grueling year, but even with sand between his toes, tennis remains part of the lounge-chair conversation.
U.S. NEWS
Drilling Down

Learning Too Late of the Perils in Gas Well Leases

By IAN URBINA and JO CRAVEN McGINTY
Americans have signed millions of leases allowing oil and gas companies to drill on their land, but some landowners are finding out the hard way what their contracts actually say.

After Duty, Dogs Suffer Like Soldiers

By JAMES DAO
At least 5 percent of the 650 dogs used by American combat forces in Iraq and Afghanistan are struggling with post-traumatic stress disorder.
On Religion

A Traditional Jewish Loan Program Helps Ease Pain of Tough Economic Times

By SAMUEL G. FREEDMAN
As the economic downturn drives up the number of middle-class Jews struggling to make ends meet, an Atlanta rabbi starts a free-loan program called a gemach.
OPINION
The Big Question

Politics, Power, Passion

By THE INTERNATIONAL HERALD TRIBUNE
Do the lives of Gandhi, Solzhenitsyn and Mandela tell us more about the future than those of Stalin, Hitler and Mao? Several prominent world-watchers tell us what they think.
Op-Ed Contributor

The Bill of Rights Doesn't Come Cheap

By JEFFREY L. FISHER
Should an analyst who produced, say, a fingerprint report have to show up at trial to face questions about the report?
Op-Ed Contributors

Can Russia Help Us Withdraw From Afghanistan?

By DOV S. ZAKHEIM and PAUL J. SAUNDERS
Instead of relying on Pakistan as a supply corridor to Afghanistan, the United States should expand its cooperation with Russia.

Financial and Forex Info News | Kitco New York Market Close Report


New York Market Close Dec 02/11 05:22 PM EST
Metals
Bid
Ask
Change
Low
High
Gold
1745.30
1746.30
0.00
0.0%
1740.80
1764.40
Silver
32.64
32.74
-0.09
-0.27%
32.24
33.81
Platinum
1543.00
1553.00
-18.00
-1.15%
1541.00
1576.00
Palladium
642.00
648.00
13.00
2.07%
628.00
665.00

DealBooK | DealB%K Afternoon Edition: A Top Goldman Sachs Executive Departs


TOP STORY
A Top Goldman Sachs Executive Departs
A Top Goldman Sachs Executive Departs Edward C. Forst, co-head of asset management, is retiring - the highest-ranking executive to leave the firm in recent months.
  • DEALBOOK »
  •  
  • DEALBOOK HIGHLIGHTS
    MF Global Board Resigns The bankrupt firm's directors stepped down on Monday, the same day that Louis J. Freeh took over as MF Global's Chapter 11 trustee, according to a regulatory filing.
    Study Sees Wall Street Pay Tilted Toward White Men But the study, by the City University of New York's Center for Urban Research, also found that the financial industry's work force was becoming more diverse.
    Wall Street Groups Sue Regulator Over Dodd-Frank The Securities Industry and Financial Markets Association and the International Swaps and Derivatives Association contend that the Commodity Futures Trading Commission failed to evaluate the economic impact of its position limits rule.
    Michael Kors Readies to Go Public Michael Kors, the fashion apparel and accessories maker, announced plans on Friday to go public, an offering that could value the company at $3.63 billion.
    House Committee Subpoenas Corzine The House Agriculture Committee's hearing, set for Thursday, will present the first public grilling of Jon S. Corzine since MF Global filed for bankruptcy on Oct. 31.
    Verizon Wireless Buys Spectrum for $3.6 Billion Verizon says the 122 spectrum licenses being acquired will allow it to improve its 4G products and could serve a potential 259 million additional customers.
    R.B.S. Sells Pub Business to Heineken The British bank announced Friday the sale of a pub chain it owned to the Dutch brewing giant Heineken for $646 million as part of the financial firm's aggressive sale of noncore assets.
    Zynga Aims to Raise $1 Billion
    Zynga Aims to Raise $1 Billion Zynga, the online gaming company, has set the price range for its initial public offering at $8.50 to $10 a share, according to a filing submitted early Friday.
    BUZZ TRACKER
    British Regulators Investigate Groupon Britain's Office of Fair Trading is investigating Groupon's marketing policies, after the daily deals site racked up 48 advertising violations in 11 months, The Guardian reports.
    Justice Dept. Approves Google's Purchase of Admeld Google's roughly $400 million acquisition of the online display advertising company automatically attracted government scrutiny because of its size, reports Claire Cain Miller of The New York Times.
    LOOKING AHEAD
    Economic Reports Data released on Monday will include Institute for Supply Management's service sector index for November and the Commerce Department's factory orders for October.

    DealBook Video
    For Wall Street Watchdog, All Grunt Work, Little Glory The Financial Industry Regulatory Authority has quietly built a fledgling fraud task force that has entered the front lines in fighting insider trading.
     

Stocks and Markets in the News | U.S. Stocks at Close From, Reuters

Wall St. caps stellar week on drop in jobless rate NEW YORK (Reuters) - Stocks ended flat on Friday but capped the best week for Wall Street bulls in almost three years after data showed the U.S. unemployment rate dropped to a 2-1/2 year low. | Full Article

NYT Afternoon Business News: Stocks Climb After U.S. Jobless Rate Shrinks



BUSINESS

Stocks Climb After U.S. Jobless Rate Shrinks

By THE ASSOCIATED PRESS
The markets gained after the American unemployment rate unexpectedly fell in November to its lowest level in two and a half years.
Media Decoder Blog

With Verizon's $3.6 Billion Spectrum Deal, Cable and Wireless Inch Closer

By BRIAN STELTER
The purchase by Verizon Wireless of spectrum licenses from Comcast, Time Warner Cable and Bright House Networks points to a day when television, broadband, home phone and cellphone service appear on a single monthly bill.

Oh, for the Good Old Days of Rude Cellphone Gabbers

By NICK WINGFIELD
When virtual assistants like Apple's Siri are used in public places, the results can be annoying, even creepy, to unwilling listeners.

BlackBerry Maker Cuts Estimates Again

By IAN AUSTEN
Costs related to a worldwide shutdown of BlackBerry service during October and sluggish sales of phones led Research in Motion to warn that its third-quarter revenue would be lower than forecast.
DealBook

Zynga Aims to Raise $1 Billion

By EVELYN M. RUSLI
Zynga, the online gaming company, has set the price range for its initial public offering at $8.50 to $10 a share, according to a filing submitted early Friday.

Cain to announce decision on candidacy: The Washington Post | Politics Afternoon Edition

The Washington Post
Politics Afternoon Edition

HEADLINES

  1. Cain to announce decision on candidacy

    He is inviting his top supporters to Atlanta on Saturday for a meeting in which he will give them advance word of whether he intends to continue his campaign.
    » Read full article
  2. Jesse Jackson Jr. investigation to continue

    The House Ethics Committee announced Friday that it will continue its probe into Rep. Jesse Jackson Jr. (D-Ill.).
    » Read full article
  3. The boom/bust cycle of the Republican presidential race

    The defining characteristic of the 2012 Republican presidential primary electorate to date has been a fickleness.
    » Read full article
  4. Donald Trump to moderate presidential debate

    Media mogul Donald Trump is teaming up with the conservative website Newsmax to moderate a GOP debate on Dec. 27.
    » Read full article
  5. The politics of the unemployment rate in one chart

    Why today's jobs report is very good news for President Obama's re-election hopes.
    » Read full article

CBS News | Political Hotsheet Top Stories: Romney and Gingrich take more fire as votes near

The CBS News Political Hotsheet newsletter

CBS POLITICAL HOTSHEET TOP STORIES    



   
Face the Nation looks back at some of the key positions of the two men most likely to be Republican nominee
Read full story
Romney and Gingrich take more fire as votes near

The GOP presidential race: What now? CBS News' Brian Montopoli and Dan Raviv discuss Herman Cain's slide, Newt Gingrich's Teflon run and whether Mitt Romney can increase his support

Herman Cain to announce Embattled presidential candidate will "clarify what the next steps are" in Atlanta amid speculation he is poised to drop our of race

Donald Trump to moderate GOP debate The real estate mogul will moderate a debate with conservative media outlet Newsmax a week before Iowa caucus

Amnesty Int'l calls for arrest of George W. Bush Bush is in Africa this week to raise awareness about cervical and breast cancer and HIV/AIDS

CMI | New York Spot Prices at Close


CMI - Gold & Silver

Spot Prices as of the close of trading in New York
As of: Friday December 02, 2011
 
  Today Change Week Ago Month Ago Year Ago
Gold $1,745.70 +$12.70 $1,696.50 $1,729.65 $1,388.70
Silver $32.65 -$0.01 $31.97 $34.00 $28.54
Platinum $1,550.30 -$11.00 $1,560.90 $1,605.20 $1,715.10
Palladium $648.80 +$14.80 $592.00 $648.00 $764.55

BIV Business Today: Blenz expands, assumes some Starbucks locations

Business in Vancouver Today

Blenz expands, assumes some Starbucks locations

Friday, 02 December 2011 09:22
blenzVancouver-based Blenz Coffee is chipping away at Starbucks Corp.’s dominance as the largest coffee shop chain in the province.
   

Coastal Contacts continues hiring spree

Friday, 02 December 2011 09:24
trevor lindenCoastal Contacts Inc. (TSX:COA) has doubled its Vancouver workforce to more than 500 employees in the past year and plans to add up to another 100 local staff by the end of March, CEO Roger Hardy told Business in Vancouver November 30.
   

Lululemon disappoints analysts, plans London store

Friday, 02 December 2011 09:16
lululemon logoVancouver yogawear designer Lululemon Athletica Inc. increased revenue 31% to $230.2 million in its third quarter ended October 30, yet still disappointed analysts, who expected the company to generate $235.3  million in sales.
   

Canadian consumers thriftier amidst economic concerns: PwC

Friday, 02 December 2011 10:40
canadian moneyDespite record revenue across North America over Black Friday and Cyber Monday, PwC believes Canadian consumers are being frugal this Christmas season because of  spending and debt concerns.
   

Rio Tinto invests additional US$2.7 billion in Kitimat

Friday, 02 December 2011 10:37
power plant stacksRio Tinto has ok'd an additional US$2.7 billion capital investment to modernize its aluminum smelter in Kitimat.
   

Yukon-Nevada in hot water south of the border

Friday, 02 December 2011 10:30
safety first signThe American Mine Safety and Health Administration (MHSA) has put Vancouver-based Yukon-Nevada Gold Corp.’s Jerrit Canyon Mill in Nevada on a federal safety watch-list for alleged violations.

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