U.S. News
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Stocks, commodities and the euro rose, while Treasuries slid, as Greece moved closer to accepting a bailout and the European Central Bank cut interest rates to bolster economies reeling from the debt crisis.
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Service industries in the U.S. expanded at a slower pace and consumer confidence plunged, supporting Federal Reserve Chairman Ben S. Bernanke’s forecast that the economic recovery will be “frustratingly slow.”
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The trustee liquidating bankrupt broker-dealer MF Global Inc. said he aims to transfer customers’ accounts to other firms before the close of business tomorrow.
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Jefferies Group Inc.’s biggest shareholder, Leucadia National Corp., increased its stake as the investment bank said it’s hedged against losses linked to European sovereign debt.