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Reuters Company NewsDec 07, 2019
UPDATE 4-Ericsson to pay over $1 billion to resolve U.S. corruption probes
Swedish mobile telecoms company Ericsson has agreed to pay over $1 billion to resolve probes into corruption, including the bribing of government officials, the U.S. Department of Justice said on Friday.

Reuters BusinessDec 07, 2019
Ericsson to pay over $1 billion to resolve U.S. corruption probes
Swedish mobile telecoms company Ericsson has agreed to pay over $1 billion to resolve probes into corruption, including the bribing of government officials, the U.S. Department of Justice said on Friday.

Google Market NewsDec 07, 2019
American student Xiyue Wang freed in prisoner swap after three years in Iran jail - NBC News
American student Xiyue Wang freed in prisoner swap after three years in Iran jail  NBC NewsIn Prisoner Swap, Iran Frees American Held Since 2016  The New York TimesIran releases American student in prisoner swap  CNNIran releases American held since 2016 in prisoner exchange | TheHill  The Hill

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In Prisoner Swap, Iran Frees American Held Since 2016 - The New York Times (Google Market News)

Reuters Company NewsDec 06, 2019
UPDATE 3-Ericsson agrees to pay over $1 billion to resolve U.S. corruption probes
Swedish mobile telecoms company Ericsson has agreed to pay over $1 billion to resolve probes into corruption, including the bribing of government officials, the U.S. Department of Justice said on Friday.

Reuters BusinessDec 06, 2019
Tesla boss Elon Musk wins defamation trial over his 'pedo guy' tweet
Tesla Inc boss Elon Musk emerged victorious on Friday from a closely watched defamation trial as a federal court jury swiftly rejected the $190 million claim brought against him by a British cave explorer who Musk had branded a "pedo guy" on Twitter.

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UPDATE 7-Tesla boss Elon Musk wins defamation trial over his 'pedo guy' tweet (Reuters Company News)

FT.com - Financial MarketsDec 06, 2019
Hedge funds lag stocks and bonds again
Industry on course for its best year since 2013, but investors remain sceptical

MarketWatchDec 06, 2019
The Ratings Game: CrowdStrike business looks strong but lock-up expiration looms over stock short term
CrowdStrike Holdings Inc. fields praise from analysts Friday after the cybersecurity company reported a strong quarter and outlook, but a drop in the stock from recent highs and a looming lock-up expiration promise to make the stock volatile in the short term.

Reuters BusinessDec 06, 2019
U.S. lawmaker says Uber must take action after disclosing sexual assault reports
The chairman of the House Transportation and Infrastructure Committee urged Uber Technologies Inc to take action after the company disclosed on Thursday it received over 3,000 reports of sexual assault related to its 1.3 billion rides in the United States last year.

Yahoo BusinessDec 06, 2019
Hedge Funds Are Betting On Apollo Global Management, Inc. (APO)
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]


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Is AstraZeneca plc (AZN) Going to Burn These Hedge Funds? (Yahoo Business)
Hedge Funds Are Buying Cirrus Logic, Inc. (CRUS) (Yahoo Business)

Reuters BusinessDec 06, 2019
Ericsson agrees to pay over $1 billion to resolve U.S. corruption probes
Swedish mobile telecoms company Ericsson has agreed to pay over $1 billion to resolve probes into corruption, including the bribing of government officials, the U.S. Department of Justice said on Friday.

Forbes HeadlinesDec 06, 2019
Crowe BrandVoice: What You Need To Know About FIRPTA, The Foreign Investment In Real Property Tax Act
FIRPTA's goal is to capture taxes on the gains resulting from the sale of U. S. real property interests owned directly or indirectly (such as through a corporation, partnership or trust) even if the seller is a foreign entity not usually subject to U. S. income taxes.

Google Market NewsDec 06, 2019
Apple plans software fix for 16-inch MacBook Pro 'speaker popping' - Engadget
Apple plans software fix for 16-inch MacBook Pro 'speaker popping'  EngadgetBest Buy Apple sale: All-time low prices on iPad Pro, Apple Watch Series 4 and more  CNETMacBook Pro Diary: Buying the 16-inch MacBook Pro, mostly for the wrong reasons  9to5MacApple Investigating 16-Inch MacBook Pro Popping Sound Issue, Fix Planned in Future Software Updates  MacRumorsAmazon's last-minute iPad deals start at $299 and include

CNBC BusinessDec 06, 2019
Everything Jim Cramer said on 'Mad Money,' including looming earnings, Dec. 15 tariffs, Boot Barn
CNBC's Jim Cramer looks at the week ahead in company earnings and stock market news, sits down with Boot Barn CEO Jim Conroy to get insight into its brick-and-mortar plans and says President Trump should authorize the Dec. 15 tariff hike.

Yahoo BusinessDec 06, 2019
Saudi Prince's First OPEC Outing Brings Last-Minute Oil Surprise
(Bloomberg) -- Prince Abdulaziz bin Salman has attended OPEC meetings for three decades, but this was the first time he's been the star turn.For two days, Saudi Arabia's new oil minister appeared to have stage fright. As he shuttled between Vienna's ultra-luxury Park Hyatt hotel and the headquarters of the Organization of Petroleum Exporting Countries, he said almost nothing to the massed reporters ready to transcribe his every word.He set the tone for the entire meeting. Normally chatty officials said they couldn't talk. Ministers used backdoor entrances to their hotels. The traditional manic media scrum that opens the meeting was canceled.Then after two days of often fractious talks on the cartel's oil policy, he sprung two surprises at the closing press conference: Saudi Arabia will voluntarily cut supply deeper than the new deal requires, and the kingdom in gunning for a $2 trillion valuation for its newly public oil producer, Aramco.The two are linked. By trying to juice the oil market, he wants to do a favor for his half-brother, Crown Prince Mohammed bin Salman, who's staked his reputation on the $2 trillion figure. Saudi Aramco will start trading on Riyadh's Tadawul exchange on Wednesday with a value of about $1.7 trillion.Even before he was promoted by the crown prince in September, Abdulaziz was a fixture of the Saudi OPEC team for more than thirty years. He gained a reputation as a diplomat, able to bridge the political enmities between members that often have little in common other than an addiction to petrodollars.Although he's the ultimate Vienna insider, his first meeting in charge contrasted with his immediate predecessor, Khalid Al-Falih, a brainy but brus

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OPEC's Oil Surprise Came as Skeptics Were Doubting Price Rise (Yahoo Business)

MarketWatch MarketPulseDec 06, 2019
Dow closes nearly 340-points higher after jobs report sparks stock-market rally
U.S. stocks closed solidly higher Friday, helping to wipe out or chip away at weekly losses, after an key employment report for November ignited bullish buying on Wall Street, adding to some modest progress toward a partial Sino-American trade agreement. The Dow Jones Industrial Average gained 337 points, or 1.2%, to reach 28,015, the S&P 500 index advanced 0.9% to 3,146, while the Nasdaq Composite Index climbed 1% to 8,656. The moves on Friday were in contrast to trading that started the week after President Donald Trump in London implied that he would wait until 2020 to cement a phase-one trade agreement. For the week, the Dow and the Nasdaq finished down 0.1%, while the S&P 500 notched a 0.2% gain for the 5-day trading stretch. The economy created 266,000 new jobs, the most since January, and the unemployment rote fell to 3.5%, a 50 year low, Labor Department data showed, signaling that the jobs market remains robust even though economic growth has slowed. The government also revised the increase in new jobs in October to 156,000 from 128,000 and September's gain was raised to 193,000 from 180,000. The increase in new jobs easily topped the 180,000 MarketWatch forecast, helped by the end of the General Motors auto-workers strike which added roughly 50,000 jobs to the payrolls number. The unemployment rate slipped to 3.5% from 3.6% and matched a 50-year low. The average wage paid to American workers rose 7 cents, or 0.2%, to $28.29 an hour. The 12-month rate of hourly wage gains slipped to 3.1% from 3.2%. Helping to lift stocks even before the jobs report was news that China's State Council had begun the process on Friday of exempting some soybeans and pork imported from the U.S. from import tariffs, the state-run Xinhua News Agency said, a move taken as a sign of progress on at least a partial trade pact. The action comes about nine days from a Dec. 15 deadline at which import duties on $156 billion in China goods will be raised to 15%. In corpor
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