Business News

Starting November At Record Highs

We start the month of November trading at all-time highs on both the Dow Jones and the S&P 500. To think just two weeks ago many were panicking about the mini correction that is now a distant memory. Now we wait to see what tomorrows elections bring. (Fox Business News)

In another reminder you can’t keep the USA down. Thirteen years after the 9/11 terrorist attacks, the new World Trade Center is again opening for business, with publishing giant Conde Nast starting to move in today.  (Associated Press)

Diageo is nearing a deal with Jose Cuervo that would give the British liquor company full ownership of Don Julio tequila in exchange for its Bushmills whiskey label. The deal would enable Diageo, the world's biggest maker of spirits, to boost its presence in the high-end tequila segment after its efforts to buy Jose Cuervo outright fell apart nearly two years ago. (Wall Street Journal)

Procter & Gamble had its operations in Argentina suspended after the country accused the consumer products giant of tax fraud. Argentina said P&G funneled currency abroad and hid income that was subject to tax in that country. (CNBC)

Just 52 days till Christmas and Americans are expected to buy a record $89 billion worth of gifts online this holiday season.  That is a 13% increase over last year. (New York Times)
 

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