UNITED STATES

US futures extend gains after ADP report

US traders.
Futures on major U.S. indices extended earlier gains on Wednesday after ADP reported that private-sector employment recorded the largest gain in three years in November.
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GAO finds gaps in wireless security at federal agencies

The U.S. Government Accountability Office found several gaps in the security of wireless networks used by federal agencies and made several recommendations to enhance safety, according to a report published on Tuesday.
Merlion statue in Singapore

Flying to Asia could get cheaper

Travelers in Asia and those traveling to Asia can now look forward to low-cost trips as new budget carriers are planned by Malaysia and Thailand.
General Motors

GM to hire 1,000 engineers in Michigan over two years

General Motors will add 1,000 engineers and researchers in Michigan over the next two years to significantly expand its vehicle electrification expertise and lead in the development of electric vehicles from hybrids to electric vehicles.
Pakistan's former President Pervez Musharraf (L)

Pak army wanted to depose President Zardari, UK diplomats call him a 'numbskull'

Pakistan army wanted to bring down President Zardari, but at the same time avoid elections to avoid Nawaz Sharif taking charge, US diplomatic cables leaked by Wikileaks stated. The cable dated 12 March 2009 reported U.S. diplomat Anne W. Patterson meeting General Ashfaq Pervez Kayani, Pakistan's Chief of Army staff. The UK also expressed concerns over Zardari's leadership.
US Traders

US futures up ahead of economic data

Futures on major U.S. stock indices point to higher opening on Wednesday, the first trading day of December, ahead of a wave of economic data including ADP national employment report.
Gasoline Pump

Drillers might be forced to reveal chemicals used in fracking

Even as the Obama administration is encouraging the use of natural gas to reduce dependence on foreign oil, the government is contemplating new laws compelling energy companies to reveal information about the chemicals used in the extraction process.
Amtrak

Amtrak To Allow Guns On Trains

Want to carry your favorite gun on train? you can do so on Amtrak as new baggage policy of the railroad operator allows passengers to carry unloaded guns on its trains, starting Dec.15.
Airbus to announce upgraded A320 engines.

Airbus to announce plans to upgrade A320 engines

European plane-maker, Airbus, is expected to announce today its plans to upgrade its best-selling A320 passenger jets with new engines supplied by General Electric Co. and Pratt & Whitney, sources familiar with the plans informed Reuters.
Traders work on the floor of the New York Stock Exchange

Stocks fall again on euro zone debt contagion fears

Stocks dropped again over fears of spreading euro zone debt crisis, although equities seemed to stabilize somewhat on mid-afternoon reports that Republic politicians agreed to compromise with President Obama on extending the George W. Bush-era tax cuts.
A Copa Airlines plane prepares to land at Toncontin airport in Tegucigalpa July 16, 2008.

Boeing sells 22 airliners

Boeing has signed a contract with Copa Airlines of Panama to provide that carrier with 22 737-800 aircraft for $1.7 billion, according to the U.S. Department of Commerce.
In an act of civil disobedience, demonstrators handcuff themselves to the fence at the White House and shout their protests against the military's "don't ask, don't tell" policy in Washington November 15, 2010

U.S. govt. to release report on DADT today

The U.S. Department of Defense is scheduled to release on Tuesday its research findings and report examining the effects of repealing the 1993 Don't Ask, Don't Tell policy.
U.S. President Barack Obama between Senate Mitch McConnell, R-KY and Congressman John Boehner, R-OH

Obama meets with GOP leaders for a good start

The American people did not vote for political gridlock in Washington, according to President Barack Obama who today met with Congressional leaders from both parties to discuss what they consider the main components of the national agenda.
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NZD/USD breaks below key support to near 2-mo low; eye risk appetite return for reversal

NZD/USD has broken below its key support level on Tuesday as dollar's across-the-board strength weighed on the kiwi currency, and at a near 2 month low, the pair is now testing its 100-day SMA on the daily chart. Momentum indicators clearly suggest the pair is in the oversold zone but a strong technical reversal also need the support of good news from the Euro-zone, traders said.

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