U.S. stocks scale back losses; Nasdaq Composite gains

Date: Wed, 03 Dec 2008 12:01:14 -0500
U.S. stocks scale back losses; Nasdaq Composite gains

U.S. stocks open lower after Research In Motion cuts its forecast and
industry data show the worst job losses since 2001.

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.