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U.S. markets news

California Wins $15 Million From Madoff-Tied Settlement
SACRAMENTO, Calif. - California will recover $15 million related to the vast Ponzi scheme engineered by Bernard Madoff as part of an agreement liquefying the $277 million estate of a Beverly Hills investment adviser, officials said on Friday.
State reaches $15-million settlement with estate of Beverly Hills money ...  Los Angeles Times
Investors burned in Bernie Madoff's Ponzi scheme to get $277 million ...  Business Insider
US Economy Roars Back, Grew 2.9% in Third Quarter
WASHINGTON—U.S. economic growth accelerated last quarter, easing fears of a near-term slowdown but doing little to change the trajectory of a long but weak expansion.
U.S. Economic Growth Rebounds on Inventory, Export Boost  Bloomberg
US Economy Grew 2.9% in 3rd Quarter, Picking Up the Pace  New York Times
AutoNation Plans to Expand Business after Net Income Drop
Including opening standalone used-car stores. AutoNation reported a 9% decline in third-quarter net income on Friday, and said it will launch a multi-year effort to expand its business beyond new vehicle sales.
AutoNation to sell parts and used vehicles  Sarasota Herald-Tribune
AutoNation targets used-car market with new no-haggle prices  Sun Sentinel
Hershey may be too tempting for Mondelez to resist
It was just two months ago that Mondelez International Inc., the $70 billion international snacks business formerly part of Kraft Foods, dropped a poorly executed attempt to acquire chocolate behemoth Hershey Co.
Hershey Revenue and Profit Rise  Wall Street Journal
Hershey bets Cookie Layer Crunch snack will re-energize brand  MarketWatch
Exxon Warns on Reserves as it Posts Lower Profit
Exxon Mobil Corp. warned that it may be forced to eliminate almost 20% of its future oil and gas prospects, yielding to the sharp decline in global energy prices.
Exxon warns low oil prices may dent reserves nearly 20 percent  Reuters
Earnings reveal shape of oil recovery: Long, hard, and uneven  Houston Chronicle
Twitter Has Killed Off One Of The Biggest Platforms For Black Culture
Whether in Ferguson or just down the block, Vine conferred real power on its black users. 10/28/2016 05:51 pm ET. Lilly Workneh Black Voices Senior Editor, The Huffington Post.
What Vine Stars Are Saying About the Short-Form Video Platform Shutting Down  Adweek
Ian Berry/CNNMoney  Local 10
Acushnet IPO: First day sees nearly 7 million shares sold
The long-awaited IPO for Acushnet (parent of Titleist and FootJoy) came to fruition today with the common stock trading on the New York Stock Exchange under the ticker symbol “GOLF.
Inside the Acushnet IPO: Q&A with COO David Maher
Acushnet, Owner of Titleist and FootJoy, Debuts in Modest IPO  Fortune
Amazon's Shipping Costs Likely to Surge With Holiday Orders Inc.'s shipping costs are likely to spiral higher in the fourth quarter because of the combination of more expensive fast shipping and greater holiday-related volumes.
Why Amazon's Holiday Season Forecast Is Disappointing Investors  Fortune
Here are dozen key products Amazon talked about on its earnings call  CNBC
Tesla Product Preview: What Elon Musk Has to Answer Tonight
The questions investors will be waiting for the Tesla CEO to address in the company's big product announcement tonight. Travis Hoium.
Three things to expect from Tesla's event tonight  CNET
Tesla to unveil 'solar roof' to boost SolarCity bid  Washington Post
AT&T's mega-deal with Time Warner banks on your connected future
In the week since AT&T announced plans to acquire Time Warner for $108.7 billion, the deal has been subjected to a deluge of analysis, criticism and praise, becoming a sort of Rorschach test reflecting the ways investors, consumers and lawmakers view ...
Liberals Look to Lawless FCC to Stop a Media Deal  Wall Street Journal
Top 10 News for 10/24 - 10/28: AT&T (T), Time Warner Make it Official ...