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Wall Street jumps on Coke and other defensive plays (Reuters)

Trading specialists work on the floor of the New York Stock Exchange, December 3, 2008. (Chip East/Reuters)Reuters - Stocks rose for a second day on Wednesday as investors flocked to shares of Coke and other companies that hold up well in recessions following another round of disappointing economic data and corporate outlooks.


Preventing possible bankruptcies driving auto aid push (Reuters)

Ford showcases their new capless fuel filler system at the New England International Autoshow in Boston, Massachusetts, December 3, 2008. (Brian Snyder/Reuters)Reuters - Senate Majority leader Harry Reid wants to try to find a way to avert threatened bankruptcies in the U.S. auto industry with Detroit Three chief executives readying for a make-or-break hearing on Thursday on a $34 billion bailout request.


Private jobs, services slump show recession toll (Reuters)

A man walks past a store advertising a sale, on 'Black Friday' in Fairfax, Virginia, November 28, 2008. (Larry Downing/Reuters)Reuters - Private employers cut 250,000 jobs in November, an unexpectedly large number and the biggest in seven years, while the service sector, which powers most of the economy, posted its worst slump on record.


Oil falls below $46 near four year lows (Reuters)

A New York City cab driver fills his taxi up with gas at a Hess station in New York, July 2, 2008. (Shannon Stapleton/Reuters)Reuters - Oil fell below $46 a barrel to near four-year lows on Thursday, extending four consecutive days of falls as continued demand worries minimized bullish draws in U.S. oil stocks.


Japan faces deep recession, central banks slash rates (Reuters)

A foreign exchange dealer reacts as he watches monitors in a trading room in Tokyo, December 2, 2008. (Kim Kyung-Hoon/Reuters)Reuters - Japan may be in a deeper recession than first thought as businesses cut spending because of the worsening global recession, which will likely force central banks in Britain and Europe to slash interest rates later on Thursday.


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