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Reuters - Stock futures pointed to a drop on Monday after grim manufacturing figures from China, and as investors braced for economic data expected this week, including key jobs figures. At 4:45 a.m. EST, S&P 500 futures were down 2 percent, Dow Jones futures were down 1.7 percent and Nasdaq 100 futures were down 1.9 percent.
Reuters - The global automotive industry faced a fresh wave of bad news Monday, as data showed drops in Swedish, Japanese and South Korean November car sales, with figures for France, Spain and Italy due out later in the day. Automakers are cutting production as well as seeking help from governments to survive as they battle against the effects of the financial crisis and worsening economic climate on consumer confidence.
Reuters - European and Chinese industry activity slumped in November, Japanese officials said their economy was slowing rapidly and euro zone finance ministers gathered on Monday to discuss plans to curb recession.
Reuters - Ryanair , Europe's largest low-cost airline, on Monday offered to buy Irish rival Aer Lingus for 750 million euros ($970.4 million) or just half the price of its bid in 2006 which was blocked by the European Union.
Reuters - The U.S. credit card industry may pull back well over $2 trillion of lines over the next 18 months due to risk aversion and regulatory changes, leading to sharp declines in consumer spending, prominent banking analyst Meredith Whitney said.