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• Wall St heads for best week in 3 years (Reuters)
• Jobless rate drops to 2-1/2 year low (Reuters)
• Zynga IPO values company as high as $9.04 billion (Reuters)
• House panel subpoenas MF Global's Corzine (Reuters)
• RIM caps dismal year with another profit warning (Reuters)
• Stocks to rise modestly next year: Reuters poll (Reuters)
• Economy showing signs of improvement: Plosser (Reuters)
• H&R Block 2Q loss widens; mortgage claims spike (AP)
• Merkel wants treaty rewrite to fix euro (AP)
• Mortgage rates for the past 52 weeks, at a glance (AP)
• Ten days of secret planning to rescue markets (Reuters)
• Retailers report strong sales for November (AP)
• 3 foreign oil workers, 2 from US, freed in Nigeria (AP)
• Obama, Clinton together again, pitching efficiency (AP)
• Congressman wants probe of Geithner’s GM bailout ‘conflicts of interest’ (Daily Caller)

Wall St heads for best week in 3 years (Reuters) Posted: 02 Dec 2011 09:26 AM PST Reuters - Stocks rose on Friday, on course for their best week in almost three years, after the U.S. unemployment rate dropped to a 2-1/2 year low, but resistance close to a key technical level limited gains as traders booked profits before the weekend.

Jobless rate drops to 2-1/2 year low (Reuters) Posted: 02 Dec 2011 08:21 AM PST Reuters - The unemployment rate fell to a 2-1/2 year low in November, even though the pace of hiring remained too slow to suggest a significant quickening of the recovery.

Zynga IPO values company as high as $9.04 billion (Reuters) Posted: 02 Dec 2011 08:22 AM PST Reuters - (Reuters)- Zynga Inc, which plans to go public in two weeks, on Friday slashed its value by more than 30 percent to $9 billion, hoping to avoid the fate of other recent Internet IPOs that have disappointed after stock market debuts.

House panel subpoenas MF Global's Corzine (Reuters) Posted: 02 Dec 2011 09:29 AM PST Reuters - A U.S. House committee on Friday voted to subpoena former MF Global chief Jon Corzine to testify before Congress.

RIM caps dismal year with another profit warning (Reuters) Posted: 02 Dec 2011 08:58 AM PST Reuters - Research in Motion capped an already dismal year with a steep profit warning on Friday, taking a huge charge to write down inventories on its languishing PlayBook tablet and sending its shares tumbling more than 8 percent.

Stocks to rise modestly next year: Reuters poll (Reuters) Posted: 01 Dec 2011 08:39 AM PST Reuters - U.S. stocks are expected to end next year with modest gains, despite the threat of a global downturn brought on by the euro zone debt crisis and a tepid domestic economy that may still need more stimulus, a Reuters poll found.

Economy showing signs of improvement: Plosser (Reuters) Posted: 02 Dec 2011 05:28 AM PST Reuters - The U.S. economy has moved away from recession but further policy easing could be required if that were to reverse or in the event of a shock to the financial system, said President of the Philadelphia Federal Reserve Charles Plosser in an interview on CNBC on Friday.

H&R Block 2Q loss widens; mortgage claims spike (AP) Posted: 01 Dec 2011 04:03 PM PST AP - A spike in claims related to bad loans written by its now-shuttered subprime mortgage unit shouldn't create any new liability for H&R Block Inc., company executives said Thursday after releasing results that showed a wider loss for its fiscal second-quarter.

Merkel wants treaty rewrite to fix euro (AP) Posted: 02 Dec 2011 07:47 AM PST AP - German Chancellor Angela Merkel pushed forward Friday with what markets see as an emerging plan for more effective action to contain the European financial crisis, urging tougher rules against government overspending.

Mortgage rates for the past 52 weeks, at a glance (AP) Posted: 01 Dec 2011 02:17 PM PST AP - Mortgage rates for the past 52 weeks, at a glance

Ten days of secret planning to rescue markets (Reuters) Posted: 02 Dec 2011 05:19 AM PST Reuters - Britain orchestrated this week's bold move by central banks to stave off a cash crunch in global markets, helping drive a plan that began to take shape around 10 days ago.

Retailers report strong sales for November (AP) Posted: 01 Dec 2011 01:24 PM PST AP - Oh what a difference a weekend can make.

3 foreign oil workers, 2 from US, freed in Nigeria (AP) Posted: 02 Dec 2011 07:51 AM PST AP - Gunmen have freed three foreign workers, two from the U.S., kidnapped from a ship supplying a Chevron Corp. offshore oil field near Nigeria's coast, authorities said Friday.

Obama, Clinton together again, pitching efficiency (AP) Posted: 02 Dec 2011 09:47 AM PST AP - In a potent political tableau, President Barack Obama and former President Bill Clinton stepped into a construction site Friday to push a plan for more jobs through energy efficient buildings — a joint appearance that Obama used to prod Congress to extend a current payroll tax cut.

Congressman wants probe of Geithner’s GM bailout ‘conflicts of interest’ (Daily Caller) Posted: 01 Dec 2011 09:19 PM PST Daily Caller - Ohio Republican Rep. Michael Turner is pushing for a congressional investigation into what he considers Treasury Secretary Timothy Geithner’s “conflicts of interest” during and after the government bailout of General Motors.

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