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U.S. markets news

The Biggest Winners and Losers From OPEC's Oil Deal
The Organization of Petroleum Exporting Countries' agreement to cut production ends two years of Saudi Arabia's pump-at-will policies, which had sunk oil prices to the joy of drivers in the Western world and the consternation of central bankers seeking ...
Oil shares lift global stocks, crude dips on doubt over OPEC deal  Reuters
Why OPEC's Prospective Deal May Not Create a Lasting Oil Rally  Wall Street Journal
Lawmakers Won't Let Wells Fargo Forget Its Scandal Anytime Soon
Wells Fargo & Co. should prepare itself for a long stay in the Capitol Hill hot seat because it ran afoul of Elizabeth Warren's favorite regulator.
California Suspends Ties With Wells Fargo  New York Times
Wells Fargo CEO's $41 million pay forfeit is neither the biggest, nor ...  MarketWatch
The Paris Motor Show opens amid a war on cars
For a few fleeting hours last weekend, central Paris was devoid of all cars. Cyclists and pedestrians filled wide Haussmannian boulevards on Sunday afternoon, as they did around this time last year, as part of a municipal campaign for a cleaner, less ...
Interest in electric vehicles accelerates at the Paris Motor Show  CNBC
Car Makers Rev Up Push Into Electric Vehicles  Wall Street Journal
Commerzbank to slash jobs, scrap dividend
FRANKFURT-- Commerzbank AG on Thursday said it plans a wide-ranging overhaul that includes laying off close to 10,000 jobs, or roughly 20% of its workforce, merging two large units and scrapping its dividend.
Five Things You Need to Know to Start Your Day  Bloomberg
Commerzbank says to cut nearly 10000 jobs, halt dividend  Reuters
National Amusements Proposes Viacom, CBS Reunion, Cites "Substantial Synergies"
Sumner Redstone's holding company suggests an all-stock deal and emphasizes it is "not willing to accept or support any acquisition" of Viacom or CBS by a third party.
The 10-Point.  Wall Street Journal
Morning Agenda: CBS and Viacom, Rules on Arbitration, Deutsche Bank Gloom  New York Times
US Second-Quarter GDP Revised Up to 1.4% Gain
WASHINGTON—The U.S. economy grew at a modestly faster pace in the second quarter than previously estimated, but the latest data confirms the expansion decelerated in the first half of the year.
U.S. Economy Expanded at Revised 1.4% Rate in Second Quarter  Bloomberg
GDP 2Q growth rises 1.4 percent in final reading vs. 1.2 percent estimate  CNBC
Forbes Pegs Trump's Wealth At $3.7 Billion, $800 Million Less Than Last Year
Donald Trump watches as Luis Ortiz fights Matias Ariel Vidondo of Argentina during a WBA heavyweight title bout at Madison Square Garden in New York on Saturday, Oct. 17, 2015.
Trump's fortune drops $800m in one year  BBC News
Forbes: Trump's fortune down $800M  The Hill (blog)
PepsiCo Shares Rise After It Beats Estimates on Good Snack and Drink Sales
Its stock rose more than 2% in premarket trading. PepsiCo reported better-than-expected quarterly net revenue and profit, helped by higher demand for beverages and Frito-Lay snacks in North America.
PepsiCo Boosts Earnings Forecast as Results Top Views  Wall Street Journal
PepsiCo 3Q results beat Street; raises full-year guidance  Tulsa World
New Tax Foundation Report Highlights Best & Worst States For Business
The Garden State may be able to boast about the Boss and its great beaches but the Garden State has the least competitive tax code in the nation.
New York's business tax climate named one of worst in U.S.  New York Daily News
RI Ranks 7th Worst in U.S. for Business Tax Climate  GoLocalProv
Novo Nordisk to axe 1000 jobs in cost-cutting drive
The logo of Danish multinational pharmaceutical company Novo Nordisk is pictured on the facade of a production plant in Chartres, north-central France, April 21, 2016.
Novo Nordisk Plans to Cut 1000 Jobs Amid Diabetes Price War  Bloomberg
US payer pressures force Novo Nordisk to cut loose 1000 staffers  FiercePharma