What's News: Business & Finance -- WSJ
December 07 2019 - 3:02AM
Dow Jones News
This article is being republished as part of our daily
reproduction of WSJ.com articles that also appeared in the U.S.
print edition of The Wall Street Journal (December 7, 2019).
The U.S. job market strengthened in November as hiring jumped
and unemployment fell to a half-century low, adding fuel to the
economic expansion.
U.S. stocks and government-bond yields rose on the jobs data.
The Dow, S&P 500 and Nasdaq rose 1.2%, 0.9% and 1%,
respectively.
California utility PG&E reached a settlement with victims of
wildfires, agreeing to pay them $13.5 billion in damages.
Amazon and Facebook are loading up on new office space in New
York City, helping fuel an expansion of tech companies that is
remaking a swath of Manhattan.
The Trump administration is considering adding some of Amazon's
overseas operations to a list of global marketplaces known for
counterfeit goods.
A jury ruled in favor of Musk, deciding comments he made on
Twitter about a British spelunker didn't amount to defamation.
Ericsson agreed to pay over $1 billion to settle U.S.
allegations that it conspired to make illegal payments to win
business in five countries.
The SEC rejected a proposal from the New York Stock Exchange to
create a new type of direct listing that would let companies raise
capital.
(END) Dow Jones Newswires
December 07, 2019 02:47 ET (07:47 GMT)
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