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U.S. markets news

California Suspends 'Business Relationships' With Wells Fargo
California, the nation's largest issuer of municipal bonds, is barring Wells Fargo & Co. from underwriting state debt and handling its banking transactions after the company admitted to opening potentially millions of bogus customer accounts.
California Treasurer Suspends Ties With Wells Fargo  New York Times
Putting Wells Fargo's 'Historic' Clawback in Context  Wall Street Journal (blog)
CBS Local  
OPEC reaches first deal to cut oil output since 2008: sources
Iranian Oil Minister Bijan Zanganeh talks to reporters during the 15th International Energy Forum Ministerial (IEF15) in Algiers, Algeria September 27, 2016.
OPEC Agrees on Need to Cut Oil Output  Wall Street Journal
OPEC Agrees to First Oil Output Cut in Eight Years  Bloomberg
Senate passes bill to avoid government shutdown
(CNN) The Senate cleared a bill Wednesday to fund the government and the federal response to Zika, avoiding a potentially embarrassing government shutdown just weeks before the election.
Lawmakers strike deal to avoid shutdown  Politico
Senate Passes Spending Bill to Keep Government Running Through Dec. 9  Wall Street Journal
CBS-Viacom merger may be closer to reality, thanks to Redstones and National ...
The oft-foretold reunification of CBS Corp. and Viacom Inc. may be moving closer to reality. National Amusements Inc., the theater chain operator and investment vehicle of media mogul Sumner Redstone, is preparing to call on the two companies to ...
The End Game for Viacom and CBS Is Quickly Approaching  Fortune
Redstone's National Amusements to call on CBS, Viacom to explore merger ...  Reuters
Janet Yellen's Financial Regulation Testimony
In all, Ms. Yellen was grilled on a wide range of regulatory questions, and mostly didn't break new ground. The banking industry will be pleased with her criticism of Glass-Steagall, but not with her continued commitment to boost capital requirements ...
Fed's Yellen defends regulatory role, raises stress test changes  Reuters
Yellen Cornered by Lawmaker in Heated Exchange Over Fed Politics  Bloomberg
Ubiquitious Flatbread Sandwich Chain Cosi Files For Bankruptcy
Discovered in Paris two decades ago, Cosi's rise into one of America's most recognizable lunchtime quick service eateries has wound up in a Boston bankruptcy court.
Sandwich chain Cosi has filed for bankruptcy protection and will try to sell ...  Business Insider
Sandwich chain Cosi files for Chapter 11 bankruptcy  Appeal-Democrat
How to score a free cup of Joe on National Coffee Day
Sure, you've probably never heard of National Coffee Day. But it's coming Thursday and several major chains are offering free cups of Joe, discounts or a chance to do some good.
#NationalCoffeeDay: Where to get deals and freebies  The News Journal
Celebrate National Coffee Day Thursday with our top picks  Pensacola News Journal
Oil rallies on OPEC output deal; energy stocks lift Wall Street
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S. September 22, 2016. REUTERS/Brendan McDermid.
US STOCKS-Wall St reverses loss, gains on oil rally  Business Insider
US STOCKS SNAPSHOT-Wall Street rises as OPEC deal fuels energy shares  Daily Mail
Early movers: NKE, WFC, DB, T, TPX, & more
Nike - The athletic footwear and apparel retailer reported quarterly profit of 73 cents per share, 17 cents a share above estimates.
Tempur Sealy (TPX) Stock Plummets on Sales Guidance, KeyBanc Price Target Cut
All These Instagram Ads Help Explain Why a Big Mattress Company Is Crashing ...  Bloomberg
We're No. 3: US Infrastructure, Education Faulted In Global Competitiveness Index
The U.S. trails Switzerland and Singapore in economic competitiveness in a new global index that finds America's infrastructure, health system and primary education all lagging.
Where the US ranks in global competitiveness  CBS News
Sean Whelan: The Competitiveness Competition