After the Bell: U.S. stocks end higher for second day on mortgage hopes

Date: Wed, Dec 3, 2008 at 2:01 PM

U.S. stocks end higher for second day on mortgage hopes


ECONOMIC REPORT: U.S. SERVICES SECTOR CONTRACTING AT RECORD PACE

Non-manufacturing companies in the United States were contracting in November at the fastest pace on record, according to a survey of companies by the Institute for Supply Management.

RESEARCH IN MOTION CUTS PROFIT AND SALES GOALS

BlackBerry maker Research in Motion slashes its third-quarter revenue and
earnings goals for the fiscal third quarter, becoming the latest maker of
mobile devices to pare estimates as the world economy languishes.

EUROPE'S CENTRAL BANKERS EXPECTED TO DELIVER BIG RATE CUTS

Increasingly dismal economic data and mounting worries over the potential for
deflation have economists expecting bold steps by Europe's central bankers on
Thursday.

EMERGING MARKETS REPORT: THAILAND SLASHES RATES TO RESUSCITATE ECONOMIC GROWTH

The Bank of Thailand delivered its biggest ever interest rate cut in an
aggressive move to buoy economic growth that has been hurt by domestic
political turmoil and the global financial crisis.