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Verizon close to announcing digital streaming deal with NFL: Bloomberg

reuters.com - Business News - 4 hours 55 min ago
(Reuters) - Verizon Communications Inc, no. 1 U.S. wireless carrier, is close to a new deal with the National Football League for digital streaming rights, Bloomberg reported, citing people familiar with the matter.
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Business jets risk U.S. pilot shortage on competition from airlines

reuters.com - Business News - 6 hours 4 min ago
MONTREAL (Reuters) - Business jet operators, already offering double digit raises to attract pilots, could face a labor shortfall in North America as they compete with U.S. airlines for talent, executives and analysts said.
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Despite Amazon, brick stores are not dead yet

reuters.com - Business News - 7 hours 58 min ago
NEW YORK (Reuters) - Just in time for the Black Friday kick-off to holiday season shopping, stock market investors have been handed tools to bet on the decline of brick-and-mortar retail.
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Trump adds five names to list of Supreme Court candidates

MarketWatch.com - MarketPulse - Fri, 2017-11-17 23:32

President Donald Trump has added five names to the list of people he would consider nominating to the Supreme Court, the White House said Friday. They are Amy Barrett, a judge of the U.S. Court of Appeals for the Seventh Circuit; Britt Grant, a justice of the Georgia Supreme Court; Brett Kavanaugh, a judge on the U.S. Court of Appeals for the District of Columbia Circuit; Kevin Newsom, a judge of the U.S. Court of Appeals for the Eleventh Circuit; and Patrick Wyrick, a justice of the Oklahoma Supreme Court. They join 20 other individuals on Trump's list.

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Wall Street pulls back at week's end with tax changes mulled

reuters.com - Business News - Fri, 2017-11-17 23:24
NEW YORK (Reuters) - Wall Street ended the week on a sour note on Friday, with major indexes slipping modestly as investors weighed the fate of the Republicans' tax overhaul plan.
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Pepsi raises dividend 7% to 80.5 cents

MarketWatch.com - MarketPulse - Fri, 2017-11-17 23:21

PepsiCo Inc. said late Friday its board of directors declared a quarterly dividend of 80.5 cents a share, a 7% increase compared with the comparable year-earlier period. The move is consistent with PepsiCo's previously announced increase in its annualized dividend to $3.22 a share, from $3.01 a share, which began with the June payment, the company said. The dividend is payable on Jan. 8 to shareholders of record on Dec. 1. Shares were flat in after-hours trading after ending the regular session down 0.5%.

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Stock market ends slightly lower on tax plan uncertainty

MarketWatch.com - MarketPulse - Fri, 2017-11-17 23:06

U.S. stocks finished modestly lower Friday, with the S&P 500 and Dow industrials marking a second week of declines as investors weighed prospects for corporate tax cuts and assessed another round of corporate earnings. Preliminary figures showed the S&P 500 ended 0.3% lower, while the Dow declined around 100 points, or 0.4%. The Nasdaq Composite Index , which closed at a record on Thursday, shed 0.2%. For the week, the S&P posted a weekly loss of 0.1%, while the Dow declined 0.3%. The Nasdaq, however, saw a 0.5% weekly rise.

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Buyers circle suddenly attractive U.S. media companies

reuters.com - Business News - Fri, 2017-11-17 23:01
WASHINGTON (Reuters) - All of a sudden, it seems, everybody wants to own a U.S. media company.
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Franken has admitted wrongdoing, but Trump hasn't, White House says in explaining tweet

MarketWatch.com - MarketPulse - Fri, 2017-11-17 22:44

President Donald Trump feels it's up to Alabama's governor to make a decision about delaying next month's special election in which Roy Moore is running, White House press secretary Sarah Huckabee Sanders said Friday. Sanders was asked repeatedly by reporters about Moore, who has been accused of sexual misconduct. She also dismissed a question about why allegations against Sen. Al Franken are worthy of an investigation but those against Trump aren't. "Sen. Franken has admitted wrongdoing and the president hasn't," she said.

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API report shows U.S. crude output climbed to highest October level in 45 years

MarketWatch.com - MarketPulse - Fri, 2017-11-17 22:01

U.S. crude-oil production rose 7% in October, from a year earlier, to average 9.4 million barrels a day, according to a monthly report Friday from the American Petroleum Institute, a trade group. That was the highest October output since 1972. Production has now held above 9 million barrels for nine months in a row, the report said. Meanwhile, total petroleum deliveries, an implied demand indicator, climbed by 1.1% in October from a year earlier to average 19.9 million barrels a day--the highest October deliveries in 10 years. Ahead of the news, December West Texas Intermediate crude rose $1.41, or 2.6%, to settle at $56.55 a barrel on the New York Mercantile Exchange, with prices buoyed by expectations that the Organization of the Petroleum Exporting Countries will extend their output-cut agreement when members meet on Nov. 30 in Vienna.

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U.S. rejects Ford petition to delay recall of three million vehicles

reuters.com - Business News - Fri, 2017-11-17 22:01
WASHINGTON (Reuters) - The U.S. National Highway Traffic Safety Administration said on Friday it was rejecting a petition by Ford Motor Co to delay recall of about 3 million vehicles with potentially defective air bag inflators to conduct additional testing.
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Wall Street set to end week on whimper as tax changes mulled

reuters.com - Business News - Fri, 2017-11-17 21:49
NEW YORK (Reuters) - Wall Street was set to end the week on a muted note on Friday, with major indexes slipping modestly, as investors weighed the fate of the Republicans' tax cut plan.
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U.S. oil prices climb by nearly 3%, but still post a loss for the week

MarketWatch.com - MarketPulse - Fri, 2017-11-17 21:42

Oil prices rallied Friday, scoring a gain of nearly 3%, but they still finished about 0.3% lower for the week to mark their first weekly loss in six. The market has found support from expectations that the Organization of the Petroleum Exporting Countries will extend its production-cut pact when it meets on Nov. 30, but concerns linger over growing U.S. production. December West Texas Intermediate crude climbed by $1.41, or 2.6%, to settle at $56.55 a barrel on the New York Mercantile Exchange.

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Gold prices rally toward $1,300 to finish at a more than 1-month high

MarketWatch.com - MarketPulse - Fri, 2017-11-17 21:00

Gold prices rallied Friday to settle at their highest level in more than a month, up nearly 1.8% for the week. Prices for the precious metal got a boost as the U.S. dollar fell on concerns surrounding U.S. special counsel Robert Mueller's probe into Russian interference in the U.S. president election. The ICE U.S. Dollar Index fell 0.3% in Friday trading, set for a weekly loss of 0.8%. December gold climbed $18.30, or 1.4%, to settle at $1,296.50.70 an ounce, the highest finish since Oct. 16, according to FactSet data.

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Apple delays HomePod smart speaker for unknown reasons

MarketWatch.com - MarketPulse - Fri, 2017-11-17 20:29

Apple Inc. has delayed its HomePod smart speaker until next year, according to multiple media reports Friday. Apple stock is down a fraction to $170.44 in afternoon trading. "We can't wait for people to experience HomePod, Apple's breakthrough wireless speaker for the home, but we need a little more time before it's ready for our customers," Apple said in a statement to tech blog The Verge. "We'll start shipping in the U.S., U.K. and Australia in early 2018." The company did not provide a specific reason for the delay, the media reports said. In June, executives announced the $349 HomePod, which was expected to ship in December, ahead of the holiday shopping season. Apple stock is up 47% this year, with the S&P 500 index up 16%. The Dow Jones Industrial Average , of which Apple is a component, is up 18%.

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Baker Hughes reports no change to weekly U.S. oil-rig count

MarketWatch.com - MarketPulse - Fri, 2017-11-17 20:17

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil was unchanged at 738 this week. The figure had climbed by 9 rigs last week. The total active U.S. rig count, which includes oil and natural-gas rigs, climbed by 8 to 915, according to Baker Hughes. December West Texas Intermediate crude was up $1.24, or 2.3%, from Thursday, to $56.38 a barrel, continuing to find support from expectations that OPEC will agree to extend its production-cut pact when it meets later this month. Prices traded at $56.42 shortly before the rig data.

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Wall Street slips on worries over tax plan's progress

reuters.com - Business News - Fri, 2017-11-17 19:58
(Reuters) - Wall Street indexes were under pressure on Friday as investors were skeptical about the Republicans' efforts to pass the tax bill.
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Volkswagen accelerates push into electric cars with $40 billion spending plan

reuters.com - Business News - Fri, 2017-11-17 19:50
WOLFSBURG/HAMBURG (Reuters) - Volkswagen approved a 34 billion euro ($40 bln) spending plan on Friday that accelerates its efforts to become a global leader in electric cars.
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Tesla's truck, not out until 2019, already has orders

money.cnn.com - Markets - Fri, 2017-11-17 19:47
Elon Musk finally unveiled the Tesla Semi. Tesla won't begin producing the electric truck until 2019, but Walmart, a major trucking company and a grocery chain headquartered in the Big Three's backyard, reportedly have plans to buy some.
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Tesla's unfettered ambition will drain finances: analysts

reuters.com - Business News - Fri, 2017-11-17 19:44
(Reuters) - Tesla Inc shares rose on Friday as analysts questioned how soon Chief Executive Elon Musk will have to ask creditors and shareholders for more capital to fund development of an electric semi truck, a new roadster and accelerated production of a high-volume electric sedan.
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