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BHI News

Oil Prices Tank Ahead of Market-Moving OPEC Meeting

U.S. production is running at a record high, but this week's OPEC summit in Vienna could test supply dynamics as leaders debate an extension of cuts from the crude producing cartel.

Sears Falls as Former Director Dumps Stake; AT&T Debt Concerns Bubble -- ICYMI

Here's what you need to know now for Friday, Nov. 17.

Fighting DOJ Could Cost AT&T More Than Legal Fees

To finance the $85 billion purchase of Time Warner, AT&T has already sold $30 billion. If a lawsuit lasted a year, Moody's suggests that the interest on that debt could run $1.5 billion.

One Year in, Trump's Antitrust Team Yet to Lay Out Their M&A Vision

Mergers reducing an industry's size to four players from five will be OK, while deals involving Chinese buyers face long odds. The jury is still out on vertically integrated deals.

European Stocks Gain on Solid Earnings, Senate Budget Agreement

A solid slate of corporate earnings and a blueprint for U.S. tax cuts has global markets back to their bullish ways.

Breaking News

Robinhood Stock Surges, Then Halted, Amid Reports of FTX Takeover Interest

Sam Bankman-Fried's FTX is looking for a path to buy online brokerage group Robinhood, Bloomberg reported Monday.

General Electric Stock Gains As CEO Larry Culp Takes Over Aviation Division

"There is tremendous opportunity in aviation over the coming years, and the Board and I decided it is the right time for me to take on this expanded role," said GE CEO Larry Culp.

Feds Could Stop Trump SPAC Deal

An investigation by a federal grand jury could halt the proposed SPAC deal with Trump's social media company.

McDonald's Brings Back a Classic Menu Item (with a Catch)

You never know what the fast-food chain might bring back or create a new version of.