MICHIGAN

On a 2-hour chart, EUR/USD has next support at 1.3141 (S1), as indicated by the 61.8 percent Fibonacci retracement from 1.3422 to 1.2970. A break below the same could take it to 1.3059 (S2) before retesting the November 30 low of 1.2968.

Despite a very strong jobs data early Thursday, the Austalian dollar looks less energized for a rally above Tuesday's high of 0.9964 to 1.0001, to complete the 'right shoulder' of a 'head and shoulders' pattern with 'head' at 1.0181 formed on November 5.

The IBD/TIPP Economic Optimism Index fell during December from the previous month, a report said.

Plenty of U.S. organizations are praising the newly-negotiated U.S.-Korea Free Trade Agreement, which is awaiting approval from lawmakers of both countries.

Yearly global emissions of anaesthetic agents can be compared with that of carbon dioxide emissions from one million cars or one coal-fired power plant, says a study.

General Motors on Wednesday said its US auto sales in November rose 11.4 percent over last year led by a balanced contributions from Chevrolet, Buick, GMC and Cadillac cars, crossovers and trucks.

General Motors will add 1,000 engineers and researchers in Michigan over the next two years to significantly expand its vehicle electrification expertise and lead in the development of electric vehicles from hybrids to electric vehicles.

How the celebrities spent their Thanksgiving holiday, here is a round-up.

General Motors has said that it would invest $163.2 million in its operations in Flint and Bay City, Michigan and Defiance, Ohio. This investment is to support engine production for the Chevrolet Volt, Chevrolet Cruze and a new small car, which will be built in the United States.

Ten General Motors executives bought shares at the initial offering price, documents filed with the U.S. Securities and Exchange Commission revealed on Wednesday.

That homegrown American genius and Founding Father Benjamin Franklin was of the opinion that the national bird should be the turkey. The other Founding Fathers overruled him, obviously. Nonetheless, the turkey has in a way become the nation’s bird – the one most Americans want perfectly cooked and centerpiecing their tables for the two biggest feasts of the year.

Initial jobless claims were better-than-expected for the week ended Nov. 20, hitting levels that had not been seen since July 2008, the Labor Department said in a report.

Futures on major U.S. stock indices point to a higher opening on Wednesday ahead of a wave of economic data including durable goods orders and new home sales.

The US dollar slipped in Asian trade on Wednesday, moving off multi-week highs against euro, pound, Aussie and New Zealand dollar, after rising sharply in the previous session which saw an unexpected Korean crisis providing the greenback with safe-haven interests.

United Continental Holdings Inc. has poached on Sara Lee Corporation's top lawyer Brett J. Hart, who will leave the global consumer-goods company to take charge of the legal affairs of the world's largest air carrier.

The need to buy gifts may overwhelm the influence of purchase pain on spending decisions.

A former Ford Motor Company product engineer, who has pleaded guilty to two counts of stealing trade secrets in a federal court, is likely to face six years prison term.

The University of Michigan forecasts the U.S. economic recovery to be sluggish in the near term due to the weak jobs market, deleveraging, belt-tightening within state and local governments, and the still-felt impact of the housing collapse.

Ford Motor co engineer Xiang Dong Yu, 49, of Beijing, China, pleaded guilty today in federal court to two counts of theft of trade secrets.

Builder confidence in the market for newly built, single-family homes improved a tad in November, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

Ford Motors has announced the list of cities, which shall receive the first all-electric passenger car Focus Electric, which debuts in late 2011.