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Business News from Topix.net

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Channel Title: Business News
Channel Website: http://www.topix.com/business

Channel Description: Business News continually updated from thousands of sources around the net.

 
Yellen to step down from Federal Reserve board

Janet Yellen on Monday submitted her resignation from the Federal Reserve board to President Donald Trump, announcing that she will leave the board when her successor is sworn in as Fed chairman. In a letter to the president, Yellen said she would "do my utmost" to make sure that there is a smooth transition to Jerome Powell, who was tapped by Trump on Nov. 2 to become the next Fed leader after the president decided not to offer Yellen a second term.

...read more

How major US stock indexes fared on Monday

U.S. stocks rose Monday as a mix of smaller, U.S.-focused companies, technology firms and banks all advanced. Drugmakers struggled, which limited those gains.

...read more

Justice Dept. sues to stop AT&T's $85B Time Warner deal

The Justice Department is suing AT&T to stop its $85 billion purchase of Time Warner, setting the stage for an epic legal battle with the telecom giant. The government claims that consumer cable bills will rise if the merger goes through, saying the deal would "substantially lessen competition, resulting in higher prices and less innovation for millions of Americans."

...read more

Phone companies get new tools to block spam calls

Phone companies will have greater authority to block unwanted calls from reaching customers as regulators adopted new rules to combat automated messages known as robocalls. Rules adopted Thursday by the Federal Communications Commission represent the latest tools against robocalls, which pester consumers, sometimes multiple times each day, and often push scams.

...read more

Net neutrality: What to know if FCC rolls back rules for Internet providers

With its final meeting of the year less than a month away, the Federal Communications Commission is expected to reveal the latest details of a plan to roll back the government's net neutrality regulations this week. The result could reshape the entire digital ecosystem by giving Internet providers more control over what their customers can see and access online and how quickly they can do it.

...read more

Hurricane Maria may permanently close 5,000 businesses in Puerto Rico

An employee of the New York company Con Edison works to restore electricity cables damaged by Hurricane Maria, in San Juan Puerto Rico, on Nov. 16. It's been 60 days since Hurricane Maria pummeled Puerto Rico and the unincorporated U.S. territory is still far from recovery. Estimates by one financial services firm that provides Small Business Administration-backed loans is estimating that more than 5,000 businesses there will go out of business due to the infrastructure collapse caused by the storm, according to this report by Public Radio International.

...read more

Markets Right Now: US stocks open slightly higher

The Standard & Poor's 500 index was up 2 points, or 0.1 percent, to 2,580. The index is coming off its second straight weekly loss.

...read more

Get Started: Survey finds businesses vulnerable to disaster

Most U.S. small businesses aren't prepared to cope with a disaster, severe weather or the absence of most of their workers. That's the finding of a survey released last week by the U.S. Chamber of Commerce and MetLife.

...read more

Shorting China's Dark Horses and How Not to Get Burned: Gadfly

Short selling Chinese companies does work sometimes. Even in Hong Kong, where a stack of controlling shareholders means there's less stock to borrow and equities have been on a tear.

...read more

Pep Guardiola Hasn't Saved English Football Quite Yet: Gadfly

Pep Guardiola's Manchester City has been rampant in the Premier League this year, scoring goals for fun as it's raced to a commanding lead in the table. The exploits of Kevin de Bruyne, Sergio Aguero and co. might help explain a rise in viewership for Sky Plc's televised games, after several seasons of decline or stagnation.

...read more

European, U.S. Stock Futures Slide as Tax Reform, German Election Talk Weighs

German government talks broke down over the weekend, while competing tax plans in the U.S. suggest compromise may be elusive heading into the Thanksgiving break. European and U.S. equity futures were trading firmly lower Monday as investors brace for a bumpy few sessions ahead of the Thanksgiving break amid stalled tax reform in the United States and the prospect of new elections in Germany.

...read more

Op-Ed Columnist: America Is Now an Outlier on Driving Deaths

This week, millions of Americans will climb into their cars to visit family. Unfortunately, they will have to travel on the most dangerous roads in the industrialized world.

...read more

TransCanada sends more crews to Keystone pipeline leak

This aerial photo shows spills from TransCanada Corp.'s Keystone pipeline, Friday, Nov. 17, 2017, that leaked an estimated 210,000 gallons of oil onto agricultural land in northeastern South Dakota, near Amherst, S.D., the company and state regulators said Thursday, but state officials don't believe the leak polluted any surface water bodies or drinking water systems. Crews shut down the pipeline Thursday morning and activated emergency response procedures after a drop in pressure was detected resulting from the leak south of a pump station in Marshall County, TransCanada said in a statement.

...read more

Everything's Going Right for Wal-Mart, but Challenges Remain

Comparable sales in both the U.S. and international markets were up, and the e-commerce business continued to produce incredible growth . With another strong report, Wal-Mart is disproving two narratives roiling the retail industry: first, that brick-and-mortar retail is dead, killed by Amazon.com and other online retailers; and second, that Amazon's e-commerce success can't be matched.

...read more

How a Star Wars video game faced charges that it was promoting gambling

Imagine buying a new chess set. Chess is your favorite game. Also you love "Star Wars."

...read more

Family sues after child, 5, killed in rotating restaurant

The family of a 5-year-old boy killed when he became caught in a rotating Atlanta restaurant is suing the company, saying it failed to prevent a "longstanding safety hazard." The lawsuit comes after Charlie Holt died in the Sun Dial, a restaurant atop the 73-story Westin Peachtree Plaza hotel.

...read more

Muni bond Friday update: 10-year yield increases

YEAR: Yield rose 1 basis point to 1.33 percent. The two-year/10-year spread is 96 basis points, down from 100 basis points a week ago.

...read more

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