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Central banks set Wall St. up for fifth straight weekly gain

NEW YORK - U.S. stocks rose on Friday, putting major indexes on track for a fifth straight weekly advance, after China's central bank cut its benchmark interest rate and its euro zone peer announced asset purchases in efforts to boost each region's economy.

Recent Business News

Draghi throws ECB door open to money printing as global prospects dim

FRANKFURT - European Central Bank President Mario Draghi threw the door wide open on Friday for more drastic measures to prevent the euro zone from sliding into deflation, promising to use whatever means necessary as China also acted to boost its sagging economic growth. | Video

10:16am EST

Toyota Lexus to recall some 2006-2011 models due to fuel leak

DETROIT - Toyota Motor Corp will recall 422,509 of its luxury brand Lexus vehicles in the United States because of a possible fuel leak that increases the risk of fire, U.S. regulators said on Friday.

10:09am EST

Walmart workers announce Black Friday protest locations

- A pressure group pushing for higher wages at Walmart stores said employees would stage protests at 1,600 U.S. stores on Black Friday, including 60 in Washington, D.C.

12:42pm EST

EU must not change course on U.S. trade talks: EU minister

BRUSSELS - Europe's proposed free trade agreement with the United States would collapse if European leaders bowed to pressure to remove investment protection from any deal, the chairman of EU trade ministers said on Friday.

11:58am EST

Global M&A deals cross $3 trillion for first time since 2007

- Mergers and acquisition deals announced so far this year have topped $3 trillion, the highest since 2007, helped by mega deals in the healthcare, energy and power sectors.

11:08am EST

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