TOP STORIES 
 
U.S. CONSUMER SPENDING MUTED 

U.S. consumer spending was muted and business investment weak in October, suggesting a mild slowdown in the last quarter of the year following two quarters of robust economic growth.

 
U.S. NEW HOME SALES EDGE HIGHER 
 

New-home sales rose 0.7% in October from September to an annual rate of 458,000, after sharp downward revisions to prior months' levels, a sign that demand in the sector isn't gaining momentum this fall.

 
U.S. STOCKS MIXED AFTER DATA DISAPPOINT 
 

U.S. stocks were mixed amid disappointing economic readings that investors said didn't change their views on the broader U.S. recovery. The Dow industrials shed about five points, while the S&P 500 and Nasdaq Composite gained slightly.

 
REUTERS/MICHIGAN FINAL NOVEMBER SENTIMENT PULLS BACK 
 

U.S. consumers maintained a rosy view on the economy ahead of the holiday shopping season. The Thomson-Reuters/University of Michigan final November sentiment index came in at 88.8, down slightly from a preliminary read of 89.4, but up from October's final result of 86.9.

 
DEERE SEES BIG DECLINE IN EQUIPMENT SALES 
 

Deere projected a 20% decline in farm equipment sales for the recently started business year, warning again that lower commodity prices and falling farm incomes are putting pressure on demand for agricultural machinery.

 
EPA PROPOSES STRICTER OZONE STANDARD 
 

The U.S. Environmental Protection Agency proposed lower limits for ground-level ozone, or smog, in the atmosphere, setting in motion the latest in a series of far reaching federal pollution restrictions.

 
EU SAYS GOOGLE SHOULD EXTEND 'RIGHT TO BE FORGOTTEN' 
 

In a new set of guidelines agreed in Brussels, Europe's privacy regulators said that search engines should apply the bloc's new right to be forgotten to all of their websites--in particular .com websites like Google.com, which Google had excluded from the new rule.

 
BNY MELLON FIRES SENIOR CURRENCY TRADER 
 

Bank of New York Mellon is said to have fired Jon Smailes, a London-based senior currency trader, after the bank found that his electronic communications breached its compliance rules.

 
JUSTICE GINSBURG UNDERGOES HEART PROCEDURE 
 

Justice Ruth Bader Ginsburg underwent heart surgery after doctors discovered a blockage in her right coronary artery, the Supreme Court said.

 
ECB MAY BUY SOVEREIGN BONDS EARLY 2015 
 

ECB's Vitor Constancio sent the strongest signal to date that the central bank is prepared to buy government bonds early next year if it decides that more aggressive stimulus measures are needed.

 
NHTSA DEMANDS CHRYSLER EXPAND RECALL OF TAKATA AIR BAGS 
 

U.S. auto-safety regulators are demanding Chrysler Group expand its recall of potentially defective Takata air bags nationwide and begin notifying customers of the new campaign by Monday.

 
 
 
 
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Grand Central 
NEW YORK FED DECLARES HOUSEHOLD DELEVERAGING OVER 
 

The New York Fed quietly marked the end of a painful phase of U.S. economic history, saying a five year run of household debt deleveraging was over. Sign up here for The Wall Street Journal's daily report on global central banks.

 
Capital Journal Daybreak 
HAGEL'S RESIGNATION CAPPED A TENSE YEAR 
 

Two messages capped a year of frustrations for Chuck Hagel, who repeatedly found fault with what he saw as indecisiveness by the White House National Security Council. Sign up here for The Wall Street Journal's morning rundown of the biggest news driving Washington.