Industries

Consumer Products & Retail

US automakers plead with Congress for emergency cash

* White House: too early to give automakers' plans a grade  Full Article 

Technology, Media & Telecommunications

WRAPUP 1-AT&T cuts 12,000 jobs, Viacom also trims workforce 7:01pm GMT 

NEW YORK, Dec 4 (Reuters) - Top U.S. phone company AT&T Inc said it will eliminate 12,000 jobs, or about 4 percent of its workforce, in a fresh wave of cuts to cope with an economic downturn that has exacerbated a decline in traditional phone sales.  Full Article 

Health & Drugs

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Global effort prompts huge drop in measles deaths 4:05pm GMT 

WASHINGTON (Reuters) - Measles deaths have plummeted by 74 percent globally this decade thanks to a concerted effort to vaccinate children in Africa and other hard-hit regions, health officials said on Thursday.  Full Article 

Autos & Transport

Option bulls emerge in AMR Corp as crude oil falls 7:05pm GMT 

CHICAGO, Dec 4 (Reuters) - The drop in crude oil prices on Thursday may have spurred some investors to scoop up bullish call options in AMR Corp's American Airlines in hopes of catching extended share price gains in the next few months.  Full Article 

Financial Services

TOPWRAP 11-Europeans cut interest rates sharply to fight crisis 6:01pm GMT 

* US workers on jobless benefits rolls hit a 26-yr high  Full Article 

Currency
US $ inGBP =0.6775
Euro inGBP =0.8669
¥en inGBP =0.0073

Commodities

Commodity Last Pct Chg Trade Date/Time
Oil 42.37 -7.25% 4 Dec 19:44 GMT
Gold 764.8 -0.48% 4 Dec 19:43 GMT