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Britain's services sector slumps at record pace (AP via Yahoo! News)
Britain's services sector contracted at its fastest rate in at least 12 years, a closely-watched survey showed Wednesday, ratcheting up expectations that the Bank of England will cut interest rates by a full percentage point on Thursday.
As need rises, services for poor may fall (UPI)
CHICAGO, Dec. 3 (UPI) -- Economic downturns are apt to tread hard on services for the poor just when demand for services is rising, University of Chicago research found.
Emerging Markets Report: Russia's services PMI index tumbles to record low (Market Watch)
Russia’s services sector posts the sharpest contraction on record in November, underlining just how hard the global financial crisis has hit the Russian economy.
Moody's lowers Republic Services rating (AP via Yahoo! Finance)
Moody's Investors Service lowered Republic Services Inc.'s senior unsecured rating Wednesday but kept it at the investment grade level, citing the company's proposed combination with Allied Waste Industries Inc.
Pound Weakens as Consumer Confidence Slumps, Services Contract (Bloomberg)
Dec. 3 (Bloomberg) -- The pound weakened after reports showed U.K. services shrank at the fastest pace in at least 12 years and consumer confidence worsened, giving the Bank of England more reason to cut interest rates tomorrow.
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