BOSTON (TheStreet) -- A coordinated effort by global central banks to strengthen dollar swap lines leads your quick fix of company, market, economic and investing news for Wednesday, Nov. 30.

Wednesday's 5 Biggest Stories

Don't get flustered by the terminology of "dollar swap lines" above. Here's a more simple explanation: Central banks around the globe have

acted in desperation to boost liquidity

in the system, which has sparkd a rally in equities.


Oh, and by the way, the

U.S. economy added a lot of jobs

in November, according to ADP.

Business Insider

China cut its reserve requirements for banks

, the first time in nearly three years. China's growth is slowing and the Shanghai index is down 3% overnight, but don't tell that to stock futures.


If you haven't heard by now,

Standard & Poor's

downgraded its ratings on a bunch of banks, like

Bank of America

(BAC) - Get Report



(C) - Get Report

, just like it said it would.

NYT DealBook

Plan 853 to Save Europe

: National central banks print money, they loan the money to the IMF, ???, problem solved.


Quote of the Day

"It's easy to talk the talk, but you gotta walk the walk,"

Occupy Los Angeles

protestor Opamago Cascini said of his willingness to be arrested as police raided the group's encampment early Wednesday.

Fox News

Company News

The first bids for a minority stake in



are in. And they sure look low.


No shocker here:


(AAPL) - Get Report

iPad is costing chipmakers billions.


Keep an eye on


(PFE) - Get Report

today as Lipitor's patent protection ends.


Goldman Sachs

(GS) - Get Report

has raised $600 million to fund up to 10 new hedge funds. No word yet on whether Hank Paulson will share material nonpublic information with them.



An explanation of why

yields on U.K. gilts

are tumbling.

Business Insider

Businesses are already prepping for the

end of the euro



Investment Strategy


financial stocks

don't matter much to the market anymore.

Stock Sage

Social media stocks are

so hot

right now. But what about





Famed investor

Jim Rogers

likes gold, the dollar and Myanmar.


Odds and Ends

The European Union takes a break from solving the debt crisis to propose a law that would

break up the Big Four auditing firms



Those three Connecticut money managers who won the

$254 million Powerball jackpot

may have been a front for a client who wanted to remain anonymous.


Your Wednesday morning music video comes from '80s mopesters

The Psychedelic Furs



-- Written by Robert Holmes in Boston


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Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.