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The day ahead in business

Reports: Treasury releases federal budget for December, 1 p.m.; Federal Reserve releases Beige Book, 1 p.m.

Other: Airbus parent EADS holds annual news conference to discuss 2011 strategy.

The day ahead in business

Reports: Wholesale trade inventories for November, 9 a.m.; Job openings and labor turnover survey for November, 9 a.m.

Major earnings: Lennar Corp., Supervalu Inc.

The day ahead in business

Earnings: Alcoa Inc.

Other:
French President Nicolas Sarkozy meets with President Barack Obama about financial governance and the Group of 20 nations.

The day ahead in business

Reports: Employment data for December, 7:30 a.m.; Consumer credit data for November, 2 p.m.

Major earnings: KB Homes

The day ahead in business

Reports: Weekly jobless claims, 7:30 a.m.; Retailers release sales data for December; Freddie Mac releases weekly mortgage rates at 9 a.m.

Major earnings: Constellation Brands Inc., Monsanto Co.

The day ahead in business

Reports: ISM service sector index for December, 9 a.m.

The day ahead in business

Reports: Factory orders for November, 9 a.m.; Minutes from Fed’s December interest-rate meeting; Automakers release vehicle sales for December.

Google exploring digital newsstand

Google Inc. and Apple Inc. have stepped up their battle to win over publishers, as the two companies vie to become the dominant distributor of newspapers and magazines for tablet computers and other mobile devices.

Google is trying to drum up publishers’ support for a new Google-operated digital newsstand for users of devices that run its Android software. With the effort, it is chasing Apple, which already sells digital versions of many major magazines and newspapers through its iTunes store. Get the full story »

The day ahead in business

Reports: ISM manufacturing index for December, 9 a.m.; Construction spending for November, 9 a.m.

The day ahead in business

Reports: Weekly jobless claims, 7:30 a.m.; Pending home sales index, 9 a.m.; Weekly mortgage rates, 9 a.m.

The day ahead in business

Reports: S&P/Case-Shiller index of home prices for October, 8 a.m.; Consumer confidence index, 9 a.m.

Stocks poised to fall after Chinese rate hike

Stocks are poised to fall in early trading after China moved to raise interest rates over the weekend to combat rising inflation. Get the full story »

Enough Snuggies sold to blanket 1 in 12 Americans

A Snuggie pub crawl in Chicago. (Chicago Now)

The line has expanded to include dog Snuggies. (Snuggie)

New York Times News Service | Consumers purchased about 4 million Snuggies during the 2008 holiday season and, typically, a success story for a kitschy infomercial product would end there. But not so for the blanket with arms, which, from a marketing perspective, turns out to have legs as well.

By the end of 2010, maker Allstar Products Group will have sold 25 million blankets, the equivalent of one for about every 12 residents of the United States, and Scott Boilen, president of Allstar Products, which is based in Hawthorne, N.Y., says there is no indication that sales are waning. Get the full story »

The day ahead in business

Reports: Third quarter gross domestic product, 730 a.m.; Existing home sales for November, 9 a.m.

Earnings: Navistar, Walgreen Co.

The day ahead in business

Major earnings: CarMax Inc., ConAgra Foods Inc., Hovnanian Enterprises Inc., Nike Inc.