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WASHINGTON/LIMA (Reuters) - President-elect Barack Obama has picked two experienced policymakers, Timothy Geithner and Lawrence Summers, to spearhead the fight against the global financial crisis -- appointments which should bring some cheer to world markets

BOSTON (MarketWatch) -- The Securities and Exchange Commission this week enacted rules that require mutual funds to give investors a concise summary, written "in plain English," of the key information needed to "make informed investment decisions."

NEW YORK (Reuters) - Black Friday, the traditional start to the U.S. holiday shopping season, means more to retailers this year as they struggle to win over consumers with a recession looming.

NEW YORK (MarketWatch) -- President-elect Barack Obama and Vice President-elect Joe Biden plan to officially announce members of their economic team Monday at noon Eastern time, according to a statement issued Sunday. The press conference, to be held in Chicago, is expected to include the nomination of New York Federal Reserve President Timothy Geithner as Treasury secretary and former Clinton administration official Lawrence Summers as director of the National Economic Council.

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Israel stocks are unmoved by Friday’s rally on Wall Street, as the market falls for the eight trading day in the past nine.

The British government is expected to unveil a large economic stimulus package Monday consisting largely of temporary tax cuts, as it aims to reduce the blow from economic woes amid the sharp global downturn.

WASHINGTON (MarketWatch) -- Congress may need to consider an economic stimulus plan of several hundred billion dollars, House Speaker Nancy Pelosi, D-Calif., said Sunday. "Economists tell us we need something in the several-hundred-billion-dollar category," Pelosi said on CBS's "Face the Nation." But, she said, she and other lawmakers must balance any stimulus plan with fiscal responsibility. Any plan must both contain a tax cut and create jobs, she said.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.