What's News: Business & Finance -- WSJ

Date : 12/07/2019 @ 8:02AM
Source : Dow Jones News

What's News: Business & Finance -- WSJ

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)

Copyright (c) 2019 Dow Jones & Company, Inc.

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