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• Bank, builder shares lead Wall St rally (Reuters)
• October pending home sales show surprise climb (Reuters)
• Diller steps down as IAC CEO, buys out Malone (Reuters)
• ECB reported buying bonds in euro zone debt crisis (Reuters)
• Strong Black Friday helps retailers' November sales (Reuters)
• Report cites SEC time pressures in BofA case (AP)
• Geithner and lawmakers seek deal on Bush-era tax cuts (Reuters)
• Toll Bros posts profit, but contracts slip (Reuters)
• IMF has resources to help in crisis: IMF official (Reuters)
• 5 Dates to Circle in December (The Motley Fool)
• ECB extends special crisis measures (AP)
• Holiday shoppers came out to spend in November (AP)
• Signed contracts to buy homes up 10.4 pct. in Oct. (AP)
• Panel co-chair: BP alone did not cause Gulf spill (AP)
• US House sets tax vote as compromise eludes (AFP)
• GM puts four bln dollars into US pension plans (AFP)

Bank, builder shares lead Wall St rally (Reuters) Posted: 02 Dec 2010 08:47 AM PST Reuters - The S&P 500 rose 1 percent in late morning trading on Thursday led by banks and homebuilders after data showed an unexpected jump in pending home sales in October and after European leaders decided to extend a liquidity safety net for vulnerable lenders.

October pending home sales show surprise climb (Reuters) Posted: 02 Dec 2010 07:20 AM PST Reuters - Pending sales of existing U.S. homes unexpectedly surged in October, data from a real estate trade group showed on Thursday, despite concerns that problems in the foreclosure process might curtail activity.

Diller steps down as IAC CEO, buys out Malone (Reuters) Posted: 02 Dec 2010 08:39 AM PST Reuters - Barry Diller is stepping down as chief executive of IAC/InterActiveCorp, the company said, adding it had bought out one of its largest shareholders, John Malone's Liberty Media Corp.

ECB reported buying bonds in euro zone debt crisis (Reuters) Posted: 02 Dec 2010 08:42 AM PST Reuters - The European Central Bank resisted pressure on Thursday to commit to a major bond-buying program to contain the euro zone debt crisis, but traders said the ECB had been quietly buying bonds anyway.

Strong Black Friday helps retailers' November sales (Reuters) Posted: 02 Dec 2010 06:57 AM PST Reuters - U.S. retailers reported stronger-than-expected sales for November, as shoppers flocked to stores and spent more during the annual discount bonanza known as Black Friday.

Report cites SEC time pressures in BofA case (AP) Posted: 30 Nov 2010 08:39 PM PST AP - Securities and Exchange Commission attorneys wanted to bring a case swiftly against Bank of America for allegedly misleading shareholders when it acquired Merrill Lynch, and as a result omitted significant violations from their initial charges, according to an agency watchdog report released Tuesday.

Geithner and lawmakers seek deal on Bush-era tax cuts (Reuters) Posted: 01 Dec 2010 06:15 PM PST Reuters - President Barack Obama's top economic advisers sought to break a deadlock over taxes with congressional leaders on Wednesday, haggling over how to extend Bush-era rates while the country struggles with sky-high debt.

Toll Bros posts profit, but contracts slip (Reuters) Posted: 02 Dec 2010 05:25 AM PST Reuters - Toll Brothers posted a quarterly profit on Thursday, helped mainly by cost cuts and an income tax benefit, and shares of the largest U.S. luxury builder rose more than 1 percent.

IMF has resources to help in crisis: IMF official (Reuters) Posted: 02 Dec 2010 08:43 AM PST Reuters - The International Monetary Fund said on Thursday it is in a strong financial position and has the resources to help member countries in need, amid an escalating euro zone debt crisis.

5 Dates to Circle in December (The Motley Fool) Posted: 01 Dec 2010 11:15 AM PST The Motley Fool - December is typically a sleepy month for financial news, especially as traders and boardrooms make the most of the holiday season. The calendar never sleeps, though. Here are a few of the days that I plan to approach with eyes wide open this month.

ECB extends special crisis measures (AP) Posted: 02 Dec 2010 08:13 AM PST AP - The European Central Bank stepped up efforts to contain the continent's government debt crisis, as bank president Jean-Claude Trichet announced it would prolong measures to provide ready cash to banks and steady the financial system.

Holiday shoppers came out to spend in November (AP) Posted: 02 Dec 2010 08:17 AM PST AP - Generous discounts lured American to stores and online for holiday gifts in November, providing cheer and delivering the best gains for retailers in four years.

Signed contracts to buy homes up 10.4 pct. in Oct. (AP) Posted: 02 Dec 2010 07:47 AM PST AP - The number of people who signed contracts to buy homes jumped in October, marking the third gain since contract signings hit a decade low.

Panel co-chair: BP alone did not cause Gulf spill (AP) Posted: 02 Dec 2010 07:21 AM PST AP - The co-chair of a presidential panel investigating the worst offshore oil spill in U.S. history says the disaster cannot be blamed solely on BP.

US House sets tax vote as compromise eludes (AFP) Posted: 02 Dec 2010 08:36 AM PST AFP - The US Congress waged all-out political war Thursday over tax cuts set to expire come January, as the White House and its Republican foes groped behind closed doors towards an elusive compromise.

GM puts four bln dollars into US pension plans (AFP) Posted: 02 Dec 2010 07:31 AM PST AFP - General Motors said Thursday it has injected four billion dollars into ailing pension funds for its US employees as the government-rescued automaker seeks to pay down debts.

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