Monday, December 05, 2005

Quick Overview

  • The Institute for Supply Management's services index fell to 58.5 in November from 60.0 in October, below forecast of 59.0

  • President Bush called on American businesses on Monday to live up to their pension promises.

  • FedEx Corp. announced it will raise the standard rates for FedEx Ground services next year by an average of 3.9%.

  • Gasoline pump prices continued to drop in the two weeks ended Friday, falling 11 cents to an average $2.16 a gallon for all grades, analyst Trilby Lundberg reported in her latest survey of filling stations.

  • A European index of services increased from 54.9 to 55.2 in November, the best reading in over a year.

  • Gold finished near a 23-year high on Monday spurred by worries over inflation.

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