TOP STORIES
U.S. CONSUMER SPENDING MUTED
U.S. consumer spending was muted and business investment weak in
October, suggesting a mild slowdown in the last quarter of the year
following two quarters of robust economic growth.
U.S. NEW HOME SALES EDGE HIGHER
New-home sales rose 0.7% in October from September to an annual
rate of 458,000, after sharp downward revisions to prior months'
levels, a sign that demand in the sector isn't gaining momentum
this fall.
U.S. STOCKS MIXED AFTER DATA DISAPPOINT
U.S. stocks were mixed amid disappointing economic readings that
investors said didn't change their views on the broader U.S.
recovery. The Dow industrials shed about five points, while the
S&P 500 and Nasdaq Composite gained slightly.
REUTERS/MICHIGAN FINAL NOVEMBER SENTIMENT PULLS BACK
U.S. consumers maintained a rosy view on the economy ahead of
the holiday shopping season. The Thomson-Reuters/University of
Michigan final November sentiment index came in at 88.8, down
slightly from a preliminary read of 89.4, but up from October's
final result of 86.9.
DEERE SEES BIG DECLINE IN EQUIPMENT SALES
Deere projected a 20% decline in farm equipment sales for the
recently started business year, warning again that lower commodity
prices and falling farm incomes are putting pressure on demand for
agricultural machinery.
EPA PROPOSES STRICTER OZONE STANDARD
The U.S. Environmental Protection Agency proposed lower limits
for ground-level ozone, or smog, in the atmosphere, setting in
motion the latest in a series of far reaching federal pollution
restrictions.
EU SAYS GOOGLE SHOULD EXTEND 'RIGHT TO BE FORGOTTEN'
In a new set of guidelines agreed in Brussels, Europe's privacy
regulators said that search engines should apply the bloc's new
right to be forgotten to all of their websites--in particular .com
websites like Google.com, which Google had excluded from the new
rule.
BNY MELLON FIRES SENIOR CURRENCY TRADER
Bank of New York Mellon is said to have fired Jon Smailes, a
London-based senior currency trader, after the bank found that his
electronic communications breached its compliance rules.
JUSTICE GINSBURG UNDERGOES HEART PROCEDURE
Justice Ruth Bader Ginsburg underwent heart surgery after
doctors discovered a blockage in her right coronary artery, the
Supreme Court said.
ECB MAY BUY SOVEREIGN BONDS EARLY 2015
ECB's Vitor Constancio sent the strongest signal to date that
the central bank is prepared to buy government bonds early next
year if it decides that more aggressive stimulus measures are
needed.
NHTSA DEMANDS CHRYSLER EXPAND RECALL OF TAKATA AIR BAGS
U.S. auto-safety regulators are demanding Chrysler Group expand
its recall of potentially defective Takata air bags nationwide and
begin notifying customers of the new campaign by Monday.
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Grand Central
NEW YORK FED DECLARES HOUSEHOLD DELEVERAGING OVER
The New York Fed quietly marked the end of a painful phase of
U.S. economic history, saying a five year run of household debt
deleveraging was over. Sign up here for The Wall Street Journal's
daily report on global central banks.
Capital Journal Daybreak
HAGEL'S RESIGNATION CAPPED A TENSE YEAR
Two messages capped a year of frustrations for Chuck Hagel, who
repeatedly found fault with what he saw as indecisiveness by the
White House National Security Council. Sign up here for The Wall
Street Journal's morning rundown of the biggest news driving
Washington.