What's News: Business & Finance -- WSJ
December 05 2016 - 3:02AM
Dow Jones News
Trump criticized a second U.S. manufacturer for plans to move a
factory from Indianapolis to Mexico, targeting Milwaukee-based
industrial firm Rexnord.
Two Penn Treaty units focused on long-term care are on track to
be liquidated next year in one of the costliest insurance failures
ever.
The euro fell after Italian voters rejected constitutional
changes. But losses were contained, a sign investors expected the
result.
Smithfield plans to cut a quarter of its carbon emissions over
eight years, in a move to cut costs and boost the pork producer's
brand.
The real-estate sector has been the worst-performing of the
S&P 500, falling 7.9% since becoming its own stock grouping in
September.
Apple confirmed for the first time its interest in
autonomous-vehicle technology in a letter to the NHTSA.
Pratt workers ratified a labor pact, avoiding a potential strike
as the jet-engine firm tries to boost output.
Morgan Stanley will raise brokers' pay-grid threshold next year
as an incentive to produce more revenue.
China's central bank has boosted efforts to drain cash from the
nation's financial system in the past week.
Russia's central bank said hackers stole $31.3 million from
correspondent bank accounts.
Disney's "Moana" and Warner Bros.' "Fantastic Beasts" led the
box office.
(END) Dow Jones Newswires
December 05, 2016 02:47 ET (07:47 GMT)
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