TOP STORIES
IMF MAKES CHINESE YUAN AN ELITE LENDING-RESERVE CURRENCY
Marking a milestone in China's ascendancy as a global economic
power, the International Monetary Fund Monday added the Chinese
yuan to its basket of elite reserve-lending currencies.
FED ADOPTS DODD-FRANK BAILOUT LIMITS
The Federal Reserve adopted a new rule restricting its ability
to lend money to financial institutions in a crisis in an attempt
to ease concerns from lawmakers who worry about the central bank's
unchecked power to pump money into the financial system.
U.S. STOCKS SLIDE AS CONSUMER SHARES FALL
U.S. stocks declined Monday as consumer stocks dropped and
investors awaited more details on holiday shopping trends.
BATS GLOBAL MARKETS PLANS 2016 IPO
BATS Global Markets, the second-largest stock-exchange operator
by market volume, is planning a second attempt at an initial public
offering next year, according to people familiar with the
matter.
PENDING HOME SALES RISE 0.2% IN OCTOBER
An index measuring pending home sales-a gauge of purchases
before they become final-rose 0.2% to a seasonally adjusted reading
of 107.7 in October, the National Association of Realtors said
Monday.
CYBER MONDAY TRAFFIC SLOWS TARGET WEBSITE
Target's website was suffering technical problems, making the
site intermittently unavailable for some Web shoppers on the
popular online shopping day known as "Cyber Monday."
BHP SHARES PLUNGE AS BRAZIL WARNS OF LAWSUIT
Shares in BHP Billiton Ltd. plunged after the Brazilian
government said Friday it would sue the Anglo-Australian miner, its
Brazilian partner Vale SA and their joint venture over a deadly dam
failure earlier this month.
FORD SAYS LABOR COSTS TO RISE MINIMALLY
Ford said its labor costs will grow about 1.5% annually over the
next four years under a new labor agreement with the United Auto
Workers union, less than the company's projected rise in
inflation.
TCS CAPITAL REJECTS ANGIE'S LIST BOARD SEAT OFFER
The founder of activist investor TCS Capital Management rejected
Angie's List Inc.'s board seat offer and continued to push for a
combination with IAC/InterActiveCorp's HomeAdvisor.
TRIBUNE PUBLISHING SAYS IT ISN'T IN TALKS TO SELL COMPANY
Tribune Publishing Co. said in a statement Monday that it is not
in talks to sell the company, denying reports that surfaced in
recent days.
DELAWARE SUPREME COURT UPHOLDS RULING AGAINST RBC
The Delaware Supreme Court on Monday upheld a closely watched
decision ordering RBC Capital Markets LLC to pay more than $75
million for giving tainted merger advice.
GT ADVANCED PURSUES $80 MILLION LOAN TO EXIT BANKRUPTCY
GT Advanced Technologies Inc. has lined up $80 million worth of
financing to help it get out of a bankruptcy after its messy
breakup with Apple Inc.
GERMAN EXPORTS TO EUROPE, U.S. RISING
German exports to Europe and the U.S. have risen strongly so far
this year, showing that German manufacturers have brushed off
flagging demand in emerging markets by tapping into more robust
growth elsewhere.
DALLAS FED SURVEY SHOWS TEXAS FACTORY ACTIVITY INCREASES AGAIN
Factory activity across the state of Texas increased for the
second consecutive month in November, suggesting conditions are
stabilizing in the state, which is heavily exposed to the price of
oil.
DEERE TO LAY OFF 220 WORKERS
Deere & Co. said Monday it plans to lay off about 220
employees in February as weak crop prices continue to hurt
farm-equipment sales.
BRAZIL PROSECUTORS ALLEGE DOCUMENT SHOWS BTG PACTUAL BRIBED OFFICIAL
Brazil's BTG Pactual was reeling anew on Monday, after a top
federal prosecutor said authorities allege they have evidence the
bank paid a lawmaker more than $11.5 million in exchange for
political favors.
CHICAGO PMI SINKS
Business activity across the U.S. Midwest tumbled in November,
according to a gauge of economic activity in the
manufacturing-heavy region. The Chicago Business Barometer, also
known as the Chicago PMI, sank to 48.7 from 56.2 in October.
COMPUTER SCIENCES SPINS OFF
Computer Sciences begins trading as two separate companies
Monday after the spinoff of its public-sector company as CSRA.
STANDARD BANK TO PAY OVER TANZANIA BRIBERY CASE
The British arm of African lender Standard Bank admitted to
allegations that it and two former Standard Bank executives in
Tanzania broke U.K. anti-bribery laws while working on a 2013
Tanzania government bond sale, in the first deferred prosecution
agreement to be signed off by a U.K. court.
EU PROPOSES SIMPLER RULES FOR COMPANY PROSPECTUS
The European Union proposed an overhaul to rules governing the
information companies must provide when they want to issue shares
and bonds, aimed making it easier and cheaper for smaller firms to
raise funds from capital markets.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
World News
WORLD LEADERS VOW TO OVERCOME DIVISIONS ON CLIMATE CHANGE
World leaders on Monday pledged to finish a deal to curb
greenhouse gases and overcome a thorny divide on financing.
President Barack Obama called for a long-term framework to cut
emissions.
Markets Main
HOW FAR DID WELLS FARGO'S SALES CULTURE GO?
Wells Fargo has long been the envy of Wall Street for its
ability to get customers to load up on multiple products and
services. Now, the Office of the Comptroller of the Currency and
the San Francisco Fed are each probing the bank's sales
culture.
(END) Dow Jones Newswires
November 30, 2015 13:13 ET (18:13 GMT)
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