Exclusive: Don't mention the oil price - U.S. legal threat prompts change at OPEC

OPEC has urged its members not to mention oil prices when discussing policy in a break from the past, as the oil producing group seeks to avoid the risk of U.S. legal action for manipulating the market, sources close to OPEC said.

Appeals court to hear U.S. Justice Department objection to AT&T deal on Dec. 6

A U.S. appeals court will hear oral arguments on Dec. 6 in the Justice Department's fight against AT&T Inc's $85.4 billion purchase of Time Warner, the court said on Wednesday.

Tesla secures Shanghai site for $2 billion China Gigafactory

Tesla Inc has signed an agreement with the Shanghai government for an 860,000 square meter plot of land to build its first overseas Gigafactory, the electric carmaker said in a Chinese social media post on Wednesday.

Hurricane Florence, rising mortgage rates hurt U.S. homebuilding

U.S. homebuilding dropped more than expected in September as construction activity in the South fell by the most in nearly three years, likely held down by Hurricane Florence.

SEC mulls consultation on easing quarterly reporting rules

The U.S. Securities and Exchange Commission (SEC) said in a notice that it will consider seeking public comment on ways to ease the quarterly reporting burden on publicly listed companies.

Wall St. indexes choppy after minutes showed united Fed

Wall Street struggled for direction on Wednesday after the Federal Reserve released meeting minutes showing broad agreement on the need to raise borrowing costs further despite sharp criticism from U.S. President Donald Trump over interest rate hikes.

Despite Trump criticism, Fed policymakers see need for more rate hikes

Despite sharp criticism from U.S. President Donald Trump for raising interest rates, Federal Reserve policymakers remain generally united on the need to raise borrowing costs further, according to minutes from their most recent policy meeting.

Fed downplays policy headaches from drop in bank reserves

The Federal Reserve downplayed any disruption to its policy tools from a drop last month in the so-called excess reserves that flow among banks, according to minutes published Wednesday of the U.S. central bank's Sept. 25-26 meeting.

U.S. Senate panel wants Hyundai, Kia to testify on engine fire reports

The Senate Commerce Committee's Republican chairman and ranking Democrat said on Wednesday they have asked top U.S. executives at Hyundai Motor Co and Kia Motors Corp to testify at a Nov. 14 hearing on reports of engine fires involving vehicles from the Korean automakers.

Facebook shareholders back proposal to remove Zuckerberg as chairman

Several public funds that hold shares in Facebook Inc on Wednesday backed a proposal to remove Chief Executive Officer Mark Zuckerberg as chairman, saying the social media giant mishandled several high-profile scandals.

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