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Reuters - Strength in the tech sector boosted stocks on Tuesday, overshadowing data showing slumping factory orders and dismal pending home sales.
Reuters - Pending sales of existing U.S. homes dropped to a seven-year low in November, data showed on Tuesday, as rising job losses and a deepening economic recession kept potential house buyers on the sidelines.
Reuters - German billionaire Adolf Merckle who was hit by a train on Monday evening killed himself, unhinged by financial turmoil and struggling to salvage his business empire, his family said on Tuesday.
Reuters - New orders received by U.S. factories plunged a much-greater-than-expected 4.6 percent in November, the fourth straight monthly decline and a sign the sharp drop in manufacturing is deepening the recession, a government report showed on Tuesday.
Reuters - The U.S. stock market could gain as much 12 percent in 2009 from current levels, despite a recession that will last at least into the first half of the year, a top executive with asset manager BlackRock said on Tuesday.
AFP - Global stock markets held onto New Year optimism Tuesday even as the euro suffered fresh losses amid signs of Europe's deepening recession and a looming energy standoff with Russia drove up oil prices.
AP - Two more months of mortgage payments and retiree Allan Goldstein says he'll be broke, just another victim in what may be the biggest Ponzi scheme in history.