Last Build Date: Thu, 08 Dec 2016 00:06:31 ESTCopyright: copyright © 2016 Dow Jones & Company, Inc.
Thu, 08 Dec 2016 00:05:29 EST
U.S. stocks posted their biggest rally since the election, sending major indexes to fresh records as investors increasingly conclude President-elect Donald Trump will be good for business and the economy.
Thu, 08 Dec 2016 00:05:32 EST
The Dow surged 297.84 points to a record 19549.62 and the S&P 500 hit a new high in the biggest rally since the election. A1 Drug and biotech stocks retreated after Trump vowed in a magazine article to crack down on drug prices. B14
Thu, 08 Dec 2016 00:05:35 EST
President-elect Donald Trump has tapped Oklahoma Attorney General Scott Pruitt to lead the Environmental Protection Agency, according to a transition official, putting a harsh critic of the agency at its helm.
WASHINGTON—President-elect Donald Trump on Wednesday chose Oklahoma Attorney General Scott Pruitt to lead the Environmental Protection Agency, according to a transition official, putting a climate-change skeptic and sharp critic of the agency at its helm.
Thu, 08 Dec 2016 00:05:33 EST
Trump tapped Oklahoma Attorney General Scott Pruitt, a climate-change skeptic and critic of the EPA, to head the agency. A1Retired Gen. John Kelly is Trump’s pick to lead Homeland Security, a choice that would bring a third retired officer to a top post. A5The president-elect chose Iowa Gov. Terry Branstad to be U.S. envoy to China. A5
Thu, 08 Dec 2016 00:05:36 EST
Combination of AT&T, Time Warner elicits concerns, suggesting deal will face pressure
The CEOs of AT&T Inc. and Time Warner Inc. on Wednesday defended their proposed $85 billion merger to lawmakers, trying to navigate a tricky political landscape in which President-elect Donald Trump has expressed hostility to the deal.
Thu, 08 Dec 2016 00:05:40 EST
Australian golfers say tourists from China, India and Norway—oblivious to the danger of being pelted—wander onto the fairways in pursuit of marsupial snapshots.
ANGLESEA, Australia—Playing for an eagle or birdie on the 16th hole at the Anglesea Golf Club near Melbourne, Bernie Dilger was confronted instead with a kangaroo.
Thu, 08 Dec 2016 00:05:42 EST
Rampant use of an accounting sleight of hand means banks don’t have to set aside capital to cover potential losses, sowing fears of a future crisis.
In 2014, the Chinese city of Haimen on the mouth of the Yangtze River set out to build a large apartment complex and turned to Bank of Nanjing Co. for about $29 million in financing.