Wall St. drops as oil’s multi-year low adds to investor fears
(Reuters) – U.S. stocks closed sharply lower on Friday, with the S&P 500 ending its worst week since August, as plunging crude oil prices compounded investor nervousness on expectations for the first U.S. interest rate hike in nearly a decade.
U.S. consumers loosen purse strings as holidays start
WASHINGTON (Reuters) – U.S. consumers showed some muscle in November at the start of the holiday shopping season, suggesting enough momentum in the economy for the Federal Reserve to raise interest rates next week for the first time in nearly a decade….
Renault-Nissan’s French peace deal leaves investors underwhelmed
PARIS (Reuters) – The Renault-Nissan alliance drew a line under an eight-month power struggle with the French government on Friday, with a compromise deal balancing increased state influence at Renault with weakened control over its Japanese affiliate….
Halliburton to be told about EU concerns over Baker Hughes deal: source
BRUSSELS (Reuters) – Oilfield services provider Halliburton will meet EU antitrust regulators next week and is likely to be told about competition worries over its $35 billion bid for Baker Hughes , a person familiar with the matter said on Friday.
AstraZeneca in talks to buy cancer drugmaker Acerta for $5 billion: WSJ
(Reuters) – British drugmaker AstraZeneca Plc is in advanced talks to buy privately held cancer drug developer Acerta Pharma BV for more than $5 billion, the Wall Street Journal reported, citing people familiar with the matter.
Wells Fargo to move securities arm to New York’s West Side
(Reuters) – Wells Fargo & Co is moving the New York headquarters of its Wells Fargo Securities arm to Manhattan’s West Side, to 30 Hudson Yards, which is currently under development, the company said in a statement.
Which stock sectors will Fed rate hike help most? History no guide
NEW YORK (Reuters) – It has been so long since the Federal Reserve raised interest rates that U.S. stock market investors probably should not look to past rate hike cycles for clues about potential winners and losers.
U.S. regulators weigh limiting funds’ use of derivatives
WASHINGTON (Reuters) – U.S. regulators are considering restrictions on how mutual, exchange-traded and other funds can use derivatives, with the Securities and Exchange Commission head saying she is concerned that investors are exposed to too much risk…
China’s Fosun billionaire founder Guo assisting authorities with investigation
HONG KONG (Reuters) – Fosun International said on Friday its Chairman Guo Guangchang, one of China’s best-known entrepreneurs, is assisting authorities with an investigation, after an earlier report said the group lost contact with its billionaire foun…
The Fed Awakens
LONDON (Reuters) – After years of waiting, it’s finally here. No, not the new “Star Wars” movie: Fed week.
