TOP STORIES
BLACK FRIDAY SHOPPING-WITH THINNER CROWDS
Millions of Americans left their Thanksgiving meals to hit
stores across the country in an annual shopping ritual, but the
crowds on early Black Friday morning were thinner than years past
at some malls and shopping districts.
DOW ENDS SLIGHTLY LOWER IN SHORTENED SESSION
The Dow industrials ended lower in an abbreviated,
post-Thanksgiving session Friday as energy and consumer
discretionary shares posted losses.
MAN OPENS FIRE NEAR A PLANNED PARENTHOOD
Four police officers were wounded and many other people were
injured Friday when a man opened fire near a Planned Parenthood
facility in Colorado Springs, authorities said.
FORD DROPS 'FRIENDS & NEIGHBORS' SALES PROMOTION
Ford Motor Co. is ditching its "Friends & Neighbors" sales
campaign after the insider-pricing promotion failed to live up to
expectations.
NETHERLANDS TO APPEAL EU DECISION THAT STARBUCKS TAX DEAL IS ILLEGAL STATE AID
The government of the Netherlands said Friday it would appeal
last month's decision by the European Union that its tax ruling
with Starbucks amounts to illegal state aid.
CODELCO'S NINE-MONTH NET PROFIT FALLS 47%
Chile's state-run copper miner Codelco said Friday that its net
profit fell 47% in the first nine months of the year, as the
decline in copper prices offset higher production and lower
costs.
MORTGAGE INSURER CMHC SEES ARREARS RISING IN WESTERN CANADA
Canada's government-backed mortgage insurer expects an increase
in arrears from resource-rich regions in western Canada amid lower
commodity prices, but maintains it has enough capital set aside to
withstand any hit to housing.
VALE ACKNOWLEDGES TOXIC WASTE IN RIVER
Brazilian miner Vale acknowledged for the first time the
presence of toxic elements in river water following the disastrous
failure of a dam at its Samarco joint venture, two days after a
critical U.N. report.
PUTIN SNUBS OVERTURES FROM TURKEY'S ERDOGAN AFTER STRIKE
Russian President Vladimir Putin is refusing to accept overtures
from Turkish leader Recep Tayyip Erdogan because Turkey has failed
to apologize for downing a Russian warplane, the Kremlin said.
BANKRUPTCY JUDGE FINDS TELEXFREE OPERATED A FRAUDULENT SCHEME
A federal bankruptcy judge formally ruled that TelexFree ran a
vast pyramid scheme that ensnared investors around the world, a
finding that has been widely anticipated since the company
collapsed into chapter 11 protection last year
COLOMBIA'S CENTRAL BANK RAISES BENCHMARK LENDING RATE
Colombia's central bank raised its key lending rate by 25 basis
points, to 5.50%, amid fears of rapidly escalating inflation. The
increase follows the bank board's October rate raise of 50 basis
points.
DOWNED JET DISRUPTS RUSSIA AND TURKEY WHEAT TRADE
Tensions following Turkey's shooting down of a Russian jet are
disrupting the Black Sea wheat trade, which could push prices
higher as some customers look for alternative supplies.
MANAGER IN TAX-FOCUSED TRADING STRATEGIES LEAVES BOFA
Monuhar Ullah, a senior manager who helped oversee controversial
tax-focused trading strategies in Bank of America Corp.'s equities
division, is leaving the bank.
U.K. GDP DATA SUGGEST BOE WON'T BE HURRYING TO RAISE INTEREST RATES
Feeble trade dragged down U.K. economic growth in the third
quarter, government statisticians confirmed, as signs of a global
slackening suggest the Bank of England will be in no hurry to raise
interest rates.
ZAMBIA UNVEILS AUSTERITY MEASURES
Zambia has announced a program of austerity measures to try to
close a gaping budget deficit and restore confidence in southern
Africa's third-largest economy amid a copper price slump.
STRESS TEST PRESSURE MAY SEE U.K. BANKS CUT DIVIDENDS
As the Bank of England makes stress tests more difficult to
pass, U.K. banks will have to retain more capital which may see
many of them cutting dividend payouts.
FRANCE'S ODDO TRUMPS FOSUN OFFER FOR FUND MANAGER
Oddo, a French boutique investment-banking and asset-management
firm, has made a $805 million offer for Belgium-headquartered rival
BHF Kleinwort Benson, trumping an earlier approach by China's Fosun
International.
FORMER HSBC SWITZERLAND EMPLOYEE HANDED FIVE-YEAR JAIL TERM
Hervé Falciani, a former employee at the Swiss branch of HSBC
who dispersed once-secret data about the bank's clients, has been
given a five-year prison sentence by a Swiss court.
EUROZONE AGREES ON GREEK REFORMS NEEDED FOR FUNDING
Eurozone finance ministries have agreed on economic reforms
Greece needs to implement within the next two weeks to receive $1.1
billion in aid, keeping the country on track in its bailout
program.
NEXTERA SELLS TEXAS PLANTS FOR $1.59 BILLION
NextEra Energy Inc. said Friday it has agreed to sell two Texas
natural gas power plants to Energy Future Holdings Corp. for $1.59
billion.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
Heard on the Street
AIG BRAWL COULD LEAVE INVESTORS BRUISED
Carl Icahn's battle with AIG's management have pushed the
insurance giants shares higher. Investors should beware of
turbulence ahead.
Moneybeat Blog
HOW EMC AND DELL COULD MAKE THEIR DEAL MORE PALATABLE
Investors have been wary of Dell Inc.'s $67 billion acquisition
of EMC Corp. since the deal was announced on Oct. 12.
(END) Dow Jones Newswires
November 27, 2015 17:05 ET (22:05 GMT)
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