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Factory Growth Hit 20-Year High
1The ISM manufacturing index surged 5.8 points to 62.8 in Nov., the fastest pace since Dec. '83 and well above estimates. The new orders and production indexes also reached 20-year peaks. That was enough to turn the jobs index positive, suggesting manufacturers might finally hire again. Factories also ended a long streak of paring inventories. More on this page, A2
Holiday Sales Good, Not Great
2Retail sales rose 5.4% on Friday-Saturday vs. a year earlier to kick off the holiday shopping season. Wal-Mart said sales rose 6.3% on Black Friday vs. the same day a year ago. But same-store sales growth was likely rather meager. Wal-Mart shares fell 2%. Last year, holiday sales started off with a bang, but quickly fizzled. More on this page
Scandal Fells Boeing CEO Condit
3Chairman and CEO Phil Condit quit a week after firing his CFO for ethical violations related to military contracts. The Pentagon may delay an $18 bil military tanker plan deal. Boeing has fallen behind in civilian jets to Airbus, which won a big order from Qantas. Retired Vice Chairman Harry Stonecipher is president and CEO. Lew Platt will be chairman. More on this page
Stocks Start Month With Surge