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U.S. markets news

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.
US Economy Grew 2.9% in 3rd Quarter, Picking Up the Pace  New York Times
Growth Debate Left Unresolved by Mixed Report on U.S. Economy  Bloomberg
Why AT&T Is Making a Huge Mistake by Acquiring Time Warner
In promoting its proposed $100-billion acquisition of Time Warner, AT&T argues that the merger of the two companies will produce all kinds of synergies between the content business and the telecom/distribution business.
Liberals Look to Lawless FCC to Stop a Media Deal  Wall Street Journal
Business Day|The AT&T-Time Warner Merger: A Match Built on Hope  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
A Sweet Surprise: Hershey Earnings Get Help From Halloween, Surpassing ...  Forbes
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
Exxon Concedes It May Need to Declare Lower Value for Oil in Ground  New York Times
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.
Biz Break: Investors shake up Amazon as company's spending weighs on ...  The Mercury News
Worry About Amazon's Latest Earnings? Here's Why You Shouldn't
Acushnet, Owner of Titleist and FootJoy, Debuts in Modest IPO
Golf play may be down in the U.S., but that didn't stop Titleist's parent company from teeing up an initial public offering this year.
Parent company of Titleist and Foot-Joy goes public  USA TODAY
Golf giant Acushnet, maker of Titleist, stumbles in IPO  The Boston Globe
Here's Where Uber Is Facing Some of Its Biggest Legal Problems
From the west coast to across the pond. Taxi app Uber should treat its drivers as employees and pay them the minimum wage and holiday pay, a British tribunal ruled on Friday, in a verdict that could hit thousands of firms and deliver a blow to the “gig ...
UK court rules Uber drivers are employees, not contractors  CNET
UK Uber drivers win case to get paid vacation, minimum wage  Fox News
Madoff Friend's Estate Agrees to Pay $277 Million to End Suit
The estate of one of Bernard Madoff's oldest friends agreed to pay the con man's victims $277 million to settle claims that the Beverly Hills money manager, who died in 2010, got rich from Madoff's fraud at the expense of thousands of investors ...
California wins a fraction of Bernard Madoff fraud recovery  Washington Times
Madoff trustee reaches $277 mln accord with money manager's family  Reuters
US oil drillers cut rigs for first week since June -Baker Hughes
Oct 28 U.S. oil drillers cut rigs this week for the first time since June, ending a 17-week recovery in the rig count, even as crude prices mostly held over $50 a barrel this month, the key level analysts said should lead to more drilling.
Drillers Are Showing Discipline
US Oil-Rig Count Falls by 2  Wall Street Journal