U.S. services sector activity scales one-year high

U.S. services sector activity hit a one-year high in November, with a surge in production boosting hiring, further evidence of strength in the economy that clears the way for the Federal Reserve to raise interest rates next week. Monday's bullish report from the Institute for Supply Management (ISM) followed data last week showing strong job gains in November which helped drive the unemployment rate to a nine-year low of 4.6 percent. "The U.S. economy looks solid heading into year-end and, backe