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U.S. markets news

Yahoo shares rise on report about possible Internet business sale
SAN FRANCISCO - Share of struggling tech giant Yahoo rose in after-hours trading after a report that it may sell off its core Internet business or move forward with a plan to spin off more than $30 billion in shares of Alibaba.
Yahoo board to weigh future of company, Marissa Mayer: WSJ  Reuters
Yahoo Board to Weigh Sale of Internet Business  Wall Street Journal
Oil Resumes Decline as OPEC Ministers Gather for Policy Meeting
Oil fell for the third time in four days as ministers from the Organization of Petroleum Exporting Countries arrive in Vienna to discuss production policy.
US crude oil prices dip after unexpected rise in stockpiles | Reuters  Firstpost
Oil steadies as oversupply concerns offset weaker dollar  Daily Times
UPDATE 6-Puerto Rico avoids second default, but future payments uncertain
... * U.S. territory makes crucial bond payment. * Next deadline of Jan. 1 looms with $945 million due (Adds details on Christmas bonuses).
Puerto Rico may face default over $355m payment  Daily Times
AP EXPLAINS: Puerto Rico's struggle with $72B of public debt  Washington Post
UK Bank stocks are undervalued, says investment manager
Banks in the UK have passed their latest stress tests by the Bank of England, leading one investment manager to say the sector is currently undervalued.
British banks brace for another �40bn bill for wrongdoing  The Independent
Bank of England draws line under bank-bashing  Financial Times
Celebs pay it forward on #GivingTuesday
First, we all gave thanks. Then the onslaught of consumerism began: Black Friday. Small Business Saturday. Cyber Monday. It's a wonder anyone has any money left.
'Tis The Season To Beware Of Charity Scams  CBS Local
Donations pour into Maryland nonprofits on #GivingTuesday  Baltimore Sun
GDP jumps 0.9pc in quarter on export surge; Morrison shrugs off income squeeze
Economic growth accelerated sharply in the September quarter as the biggest jump in exports in 15 years offset a slide in business and government investment.
Exports lift GDP growth to 2.5 per cent year-on-year  Sydney Morning Herald
EconomyAustralian Q3 GDP beats expectations  Financial Times
Amid smog wave, artist molds potent symbol of Beijing's pollution
A performance artist used a vacuum cleaner to suck up particles in super smoggy Beijing to make a brick of condensed pollution. By CHRIS BUCKLEY · ADAM WU.
Beijing smog reaches over 25 times safe levels, factories shut  Times of India
Schools ordered to keep pupils indoors as smog chokes Beijing  Daily Mail
Drones as Christmas gifts unregulated, FAA may require registration
The go-pro cameras now on drones have made them suddenly tremendously popular, so much so, that the Federal Aviation Administration may require them to be registered as soon as Christmas.
Drones in China Will Soon Face Less-Friendly Skies  Wall Street Journal (blog)
Amazon unveils new Prime Air drone  Business Insider
Manufacturing activity dips to 25-month low in Nov
NEW DELHI: Manufacturing activity in the country slowed to a 25-month low in November due to sluggish flow of orders and muted demand, a survey showed on Monday, highlighting the need for sustainable reform measures to boost growth.
Asia's factories still struggling as US rate hike looms  Daily Times
UK manufacturing growth slows sharply in November  Herald Scotland
City Chinese deal gives Melbourne arm value boost, Asia opportunities
The move by Chinese investors to take a 13 per cent stake for US$400 million in the City Football Group - owners of Manchester City, New York City and Melbourne City - presents a plethora of opportunities throughout Asia for the UAE-owned football ...
Manchester City group sells 13 percent to Chinese investors  Daily Times
Man City owners reveal €376m deal with Chinese investors  Irish Times