Markets are finally smiling again following the news yesterday that coordinated action will be taken by the world’s central banks to ease credit and increase liquidity. Chris Farrell explains what the debts of households, companies and governments means for GDP. In Illinois, state lawmakers have rejected a bill that would have offered millions of dollars in tax breaks to keep the Chicago Mercantile Exchange from leaving the state. And some economists say long-term benefits help the unemployed avoid reality.

The European debt crisis spreads to American banks. The National Labor Relations Board could speed up the process for elections. In light of recent scandals, universities are taking a closer look at candidates before hiring them on. And the end of Napster has finally come.

What would a doomsday scenario in Europe look like? The Occupy movement has led protesters to take over a UBS building in London’s financial district. In China, the government has put a ban on advertisements during primetime TV shows. And American Airlines flies towards… bankruptcy.

The European debt crisis hits another phase, as leaders in the region throw around ideas to solve the root issues. Lipitor, the highest selling drug of all time, is set to lose its patent this week. The annual UN Climate Summit starts today in Durban, South Africa. And Paddy Hirsch explains the term “ringfencing” — at the zoo.

More and more mobile devices like iPads are handling our purchases, but the makers of computers and cash registers aren’t ready to give up the industry yet. TV sets are among the most discounted items for Black Friday this year. New York City’s Grand Central Station is about to become home to Apple’s newest store, and we speak to the CEO of Macy’s on this year’s holiday season.

This Thanksgiving, we talk to a big wig in the cranberry industry, the CEO of Ocean Spray. While the U.S. is on holiday, financial troubles in the eurozone march on. And Google wants to light up your home — with lightbulbs, that is.

China has just surpassed the United States as the biggest smartphone market in the world. Smartphones here at home are helping consumers to find the best deal this holiday season. Holiday travel could be hindered by fewer flight delays and cancellations, thanks to new government penalties.

We speak to the President of Panama Ricardo Martinelli about how the debt crises in the U.S. and Europe are affecting his country, and how Panama is continuing to grow. Reporter Mitchell Hartman shows us one place that was shaken to its core by the housing crisis. And what does the OWN network need to do to succeed?

The super committee’s deadline to deal with the budget crisis in Washington is fast approaching, but still no solution has been reached. Hewlett-Packard announces activist Ralph Whitworth will join its board. And chicken producers have been feeling the hurt in tough economic times.