News You Can Use

Pimco's Gross Says Fed May Have to Cut Rates Below 3% to Avoid Recession Bill Gross, manager of the world's biggest bond fund at Pacific Investment Management Co., said the Federal Reserve may have to lower its benchmark interest rate below 3 percent to support the economy.

XX Note -- there's a guy talking his book.

Mexican Peso Rises to Three-Week High as U.S. Moves to Limit Credit Losses Mexico's peso rose to a three-week high and local-currency bonds gained on speculation that U.S. measures to limit credit-market losses will make higher- yielding, emerging-market assets more attractive.

U.S. Added 189,000 Jobs Last Month, Triple Economists' Estimates, ADP Says Companies in the U.S. added 189,000 jobs in November, more than triple the amount economists had forecast, a private report based on payroll data showed today.

OPEC Agrees to Leave Production Unchanged With Prices Near $90 a Barrel OPEC, the producer of more than 40 percent of the world's oil, agreed to keep production targets unchanged as ministers rejected calls for more supply with prices near $90 a barrel.

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